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(CHAPTER 13) Cheesecakes.jpgOne day, you decided to buy shares of stock from your two all time favorite companies, the Cheesecake Factory and Apple. The expected
(CHAPTER 13) Cheesecakes.jpgOne day, you decided to buy shares of stock from your two all time favorite companies, the Cheesecake Factory and Apple. The expected return on the Cheesecake Factory's stock is 8% per year. The expected return on Apple's stock is 16.3% per year. You bought 43 shares of the Cheesecake Factory's stock for $69 per share. You bought 42 shares of Apple's stock for $165 per share. What is the expected return on your portfolio investment? Calculate the answer in percent, but don't type the "%" sign. Don't round your intermediate steps, and only round your final answer to TWO decimal places. For example, if you got 12.34%, then type 12.34
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