Erin has invested in both an equity mutual fund and a bond mutual fund Her financial advisor told her that her overall portfolio rose in value by 1 1 last year Erin noted in the newspaper that the equity fund lost 3 3 last year while the bond fund rose 7 7 To the nearest 0 1 , what percentage of he...

Step 2 Overall portfolios rate return 11 equity funds rate of return 33 Bond funds rate o ...

Erin has invested in both an equity mutual fund and a bond mutual fund. Her financial advisor

Question:

Erin has invested in both an equity mutual fund and a bond mutual fund. Her financial advisor told her that her overall rose in value by 1.1% last year. Erin noted in the newspaper that the equity fund lost 3.3% last year while the bond fund rose 7.7%. To the nearest 0.1%, what percentage of her was in the equity fund at the beginning of the year?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...