Question
Consider the following information for the BU Scholarship Investment Fund. The total investment in the fund is $1 million. Stock Investment Amount Stock's Return Last
Consider the following information for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.
| Stock | Investment Amount | Stock's Return Last Year |
| A | $200,000 | 8.1% |
| B | $500,000 | 12.6% |
| C | $300,000 | 7.6% |
Based on this information, what was the annual rate of return for the BU Scholarship Investment Fund last year? Answer in units of percent to 2 decimal places
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
