Question
1.) Serena's Skincare sells Sunscreen in Orlando, Florida. The annual return for the company is affected by the average temperature of the year. When the
1.) Serena's Skincare sells Sunscreen in Orlando, Florida. The annual return for the company is affected by the average temperature of the year. When the weather is cold (25% of the year), normal (40% of the year) and hot (35% of the year), its return is expected to be -10%, 8%, and 15% respectively. What is the expected return?Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)
2.) The expected return of Stock A is 5%, Stock B is 9% and Stock C is 12%. If you equally invest in these three stocks, what is the expected return of your three-stock portfolio? Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)
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