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If you have a portfolio with 40% in stocks and 40% in bonds and 20% in money --stocks are down 20% and bonds are up
If you have a portfolio with 40% in stocks and 40% in bonds and 20% in money --stocks are down 20% and bonds are up 2%, and money hasn't changed in value and pays no interest -- your portfolio return is approximately:
down 4%
down 7%
down 10%
down 2
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