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Assume you are the CIO (chief investment officer) for Dragon Industries LLP LLP stands for Limited Liability Partnership). There is $1.000.000 set aside in
Assume you are the CIO (chief investment officer) for Dragon Industries LLP LLP stands for Limited Liability Partnership). There is $1.000.000 set aside in a reserve fund to purchase new equipment. If $300.000 is invested at 30% $200.000 at 25% and the remaining $500.000 at 20% per year, what is the overall rate of return on the entire $1,000,000? (Write answer in decimal format)
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