Anthony is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of $15$ percent, while Copper stock has an expected return of $21$ percent.

Problem $7\mathrm{.}29$ a$1-$a$2($Solution Video$)($a$)$

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If Anthony plans to invest $30$ percent of his funds in Iron and the remainder in Copper, what will be the expected return from his portfolio? $($Round answer to $1$ decimal place, e$.$g$.17\mathrm{.}5\%.)$

Expected return $$

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Problem $7\mathrm{.}29$ a$1-$a$2($Solution Video$)($b$)$

What will be the expected return of Anthony's portfolio if he invests $70$ percent of his funds in Iron stock?

$($Round answer to $1$ decimal place, e$.$g$.17\mathrm{.}5\%.)$

Expected return $\%$

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