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 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 her portfolio was in the equity fund at the beginning of the year?
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Step 2 Overallportfolios rate return 11 equity funds rate of return 33 Bond funds rate o...View the full answer
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Ali Khawaja
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