You own a portfolio that has $2,100 invested in Stock A and $3,100 invested in Stock B. If the expected returns on these stocks are 10 percent and 13 percent, respectively, what is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  

 

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To calculate the expected return on the portfolio we first ... View the full answer