Question
David Brown has $23,573.00 invested in American Cyanamid, $22,947.00 in Gannett Company, and $28,622.00 in Texas International. If American Cyanamid has an expected return of
David Brown has $23,573.00 invested in American Cyanamid, $22,947.00 in Gannett Company, and $28,622.00 in Texas International. If American Cyanamid has an expected return of 18.62%, Gannett an expected return of 23.13%, and Texas International an expected return of 17.10%, what is the portfolio's expected return?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
