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A portfolio is invested 54 percent in Stock K and 46 percent in Bond L. The bond has an expected return of 6.85 percent. What
A portfolio is invested 54 percent in Stock K and 46 percent in Bond L. The bond has an expected return of 6.85 percent. What is the expected rate of return on Stock K if the portfolio expected return is 10.25 percent?
Select one:
a. 13.45%
b. 15.60%
c. 13.15%
d. 10.68%
e. 14.22%
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