Question: There is a 2 0 . 6 4 % probability of an average economy and a 7 9 . 3 6 % probability of an

There is a 20.64% probability of an average economy and a 79.36% probability of an above average economy. You invest 40.84% of your money in Stock S and 59.16% of your money in Stock T. In an average economy the expected returns for Stock S and Stock T are 10.75% and 14.24%, respectively. In an above average economy the the expected returns for Stock S and T are 31.01% and 31.30%, respectively. What is the expected return for this two stock portfolio? (2.0 points) Please write your answer as percentage (e.g..1234 should be written as 12.34):
Expected Return:

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