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David Brown has $23,979.00 Invested in American Cyanamld, $28,855.00 In Gannett Company, and $19,460.00 in Texas International. If American Cyanamld has an expected return of
David Brown has $23,979.00 Invested in American Cyanamld, $28,855.00 In Gannett Company, and $19,460.00 in Texas International. If American Cyanamld has an expected return of 27.46%, Gannett an expected return of 18.60%, and Texas International an expected return of 25.33%, 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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