Question
Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer as a percentage to two places,
Do not do any interim rounding, calculate values to 6 decimal places before converting to percentages, state the answer as a percentage to two places, do not use labels (%, $). For example, if the value is 0.06458, the answer is 6.46.
Riley Stein estimates the expected returns for Cromarty LTD and Tindall Cos to be 13.6% and 9.4% respectively. She wants to build a portfolio with an expected return of 10.75%. The weight of Cromarty in the portfolio should be:
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
