Question: Three securities have the following expected returns: A = 10 percent, B = 4 percent, and C = 12 percent. Calculate the expected return for

Three securities have the following expected returns: A = 10 percent, B = 4 percent, and C = 12 percent. Calculate the expected return for a portfolio consisting of all three securities. The portfolio weights are 20 percent in A, 40 percent in B, and 40 percent in C. Express your answer in percent, but to the nearest hundredth of a percent.

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