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David Brown has $20,000.00 invested in American Cyanamid, $15,000.00 in Gannett Company, and $30,000.00 in Texas International. If American Cyanamid has an expected return of
David Brown has $20,000.00 invested in American Cyanamid, $15,000.00 in Gannett Company, and $30,000.00 in Texas International. If American Cyanamid has an expected return of 15.00%, Gannett an expected return of 25.00%, and Texas International an expected return of 30.00%, what is the portfolio's expected return? Answer the number of percentage, e.g. If your answer is 10% answer 10 in the answering area Do not round intermediate calculations. Round your answer to 2 decimal places.)
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