Question
Michael created a portfolio consisting of Stock A and Stock B. He invested $2,428 in Stock A and $4,957 in stock B. The expected return
Michael created a portfolio consisting of Stock A and Stock B. He invested $2,428 in Stock A and $4,957 in stock B. The expected return of Stock A is 9% and the expected return of Stock B is 19%. What is Michaels portfolio expected return? Round your answer in percentage to two decimals. For example, "5.02%" should be entered as "5.02".
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
