3. At the beginning of the year, Lave Cross's portfolio was worth $39,000. At yearend, Lave received
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3. At the beginning of the year, Lave Cross's portfolio was worth $39,000. At yearend, Lave received a gift of $4,000, which was invested in the portfolio. The portfolio's value at year-end was $42,000. What was the return on Lave 's portfolio during the year?
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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