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Eric Poppovich invests money in two stocks for the upcoming year. His investment is shown below: STOCK: # of shares Price Per Share Expected Return
Eric Poppovich invests money in two stocks for the upcoming year. His investment is shown below:
STOCK: | # of shares | Price Per Share | Expected Return | Standard Deviation |
---|---|---|---|---|
LBJ Corporation (A) | 41.00 | $37.98 | 5.00% | 16.00% |
Duncan Inc. (B) | 29.00 | $50.43 | 8.00% | 22.00% |
The correlation between LBJ and Duncan is 0.50.
What is the expected return for the portfolio in the coming year?
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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