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Jordan has a three-stock portfolio. The returns of the three stocks are shown below: Stock Return X 8% Y 9% Z 13% Stock X makes
Jordan has a three-stock portfolio. The returns of the three stocks are shown below:
Stock | Return |
---|---|
X | 8% |
Y | 9% |
Z | 13% |
Stock X makes up 30% of Jordan's portfolio, and the portfolio has a return of 9.9%. How much of Jordan's portfolio consists of Stock Y?
a.70%
b.20%
c.40%
d.10%
e.50%
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