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Problem 8-06

You expect to invest your funds equally in four stocks with the following expected returns:

Stock	Expected Return
A	23	%
B	12
C	12
D	5

At the end of the year, each stock had the following realized returns:

Stock	Realized Return
A	-10	%
B	30
C	3
D	-2

Compare the portfolio's expected and realized returns. Round your answers to two decimal places.

Expected return: %

Realized return: %