FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fremont Enterprises has an expected return of 19% and Laurelhurst News has an expected return of 21%. If you put 53% of your portfolio in

image text in transcribed

Fremont Enterprises has an expected return of 19% and Laurelhurst News has an expected return of 21%. If you put 53% of your portfolio in Laurelhurst and 47% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is %. (Rounded to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Short Term Rental Long Term Wealth

Short Term Rental Long Term Wealth

Authors: Avery Carl

1st Edition

1947200445, 978-1947200449

More Books

Students also viewed these Finance questions

Question

★★★★★
Chuck, a dentist, raises prize rabbits for breeding and showing purposes. Assume that the activity is determined to be a hobby. During the year the activity generates the following items of income...

Answered: 1 week ago

Question

★★★★★
Most scholars who define themselves as rhetoricians identify with the humanities rather than the sciences. Can you support the claim that Aristotle took a scientific approach to rhetoric?

Answered: 1 week ago

Question

★★★★★
Black Bear Outfitters is an international supplier of outdoor gear for families. Currently, the company uses a logistical provider to provide warehouse services and handle packages destined for...

Answered: 1 week ago

Question

★★★★★
Fremont Enterprises has an expected return of 19% and Laurelhurst News has an expected return of 21%. If you put 53% of your portfolio in Laurelhurst and 47% in Fremont, what is the expected return...

Answered: 1 week ago

Question

★★★★★
Pina Ltd. holds equities securities in its portfolio and is accounting for those investments using the FV-NI method. On March 1,2023 , the company purchased 11000 shares of a publicly traded company...

Answered: 1 week ago

Question

★★★★★
Suppose a firm's net income is $200 and its profit margin is 10%. If the firm is working at 2/3 capacity, then full capacity sales is: A. $1,500 B. $3,000 O C. $1,000 D. $2,000 E. $2,500

Answered: 1 week ago

Question

★★★★★
Myrtle took out a 3-year loan for $2050 at a computer retailer to be paid back with monthly payments at a 12% APR, compounded monthly. If the loan offers no payments for the first 5 months, about how...

Answered: 1 week ago

Question

★★★★★
80. Phanatix, Inc. produces a variety of products that carry the logos of teams in the Southern Football League (SFL). The company recently paid the league $85,000 for the rights to market a popular...

Answered: 1 week ago

Question

★★★★★
5 A ship is being blown by a breeze with a force of 100 N on a bearing of 280, as on a bearing of 170, A tugboat holds it in place. Find the size and bearing of the shown in the diagram. It is pulled...

Answered: 1 week ago

Question

★★★★★
K In December, the first five transactions of Ander's Maid Service Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions....

Answered: 1 week ago

Question

★★★★★
Ethics.Technology. A health spa used the term micro color in marketing campaigns to refer to permanent cosmetic makeup. A beauty supply company claimed the right to the term and said it was...

Answered: 1 week ago

Question

★★★★★
Ethics. Technology. Peter Drucker states that there is no such thing as Business Ethics, there is only ethics.Collaborate with another classmate to write a reaction paragraph to this statement....

Answered: 1 week ago

Question

★★★★★
Ethics. Technology. Evaluate this statement using the Texas Instruments Ethics Quick Test and the Code of Conduct from Figure 3.5: It is better to steal from the stockholders of a company than the...

Answered: 1 week ago

Previous Question Next Question