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Jack holds a portfolio with the following securities: Security Investment Return Stock A 164,993 1.2% Stock B 265,360 19.0% Stock C 183,291 4.9% Calculate the
Jack holds a portfolio with the following securities:
| Security | Investment | Return |
|---|---|---|
| Stock A | 164,993 | 1.2% |
| Stock B | 265,360 | 19.0% |
| Stock C | 183,291 | 4.9% |
Calculate the expected return of portfolio. Round the answers to two decimal places in percentage form.
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
