Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A portfolio consists of assets with the following expected returns: Technology stocks 34 % Pharmaceutical stocks 13 Utility stocks 10 Savings account 6 What is

A portfolio consists of assets with the following expected returns: Technology stocks 34 % Pharmaceutical stocks 13 Utility stocks 10 Savings account 6 What is the expected return on the portfolio if the investor spends an equal amount on each asset? Round your answer to two decimal places. % What is the expected return on the portfolio if the investor puts 51 percent of available funds in technology stocks, 15 percent in pharmaceutical stocks, 19 percent in utility stocks, and 15 percent in the savings account? Round your answer to two decimal places. %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

17th Edition

126001391X, 978-1260013917

More Books

Students also viewed these Finance questions

Question

What are the two types of variables that can be quantitative?

Answered: 1 week ago

Question

Describe the primary concerns and hopes of ecopsychologists.

Answered: 1 week ago