Please use this information for the next 4 questions. A portfolio has been constructed from the following securities: Security Expected Return Amount Invested P 5% 40,000 Q 18% 25,000 R 15% 35,000

1. What is the expected rate of return from this portfolio? Enter your answer as a percentage rounded to 1 decimal place, do not include the % sign.

2.If Security Q is sold, what will be the expected return of the remaining two-stock portfolio? Enter your answer as a percentage rounded to 1 decimal place, do not include the % sign.

3.If the investor buys $50,000 of Security S, with the expected return of 10% and adds it to the portfolio, what will be the expected return of the resulting four-stock portfolio? Enter your answer as a percentage rounded to 1 decimal place, do not include the % sign.

4If the investor sells $20,000 of Security R, what will the expected return be of the remaining 3 stocks? (do not include Security S from the question above) Enter your answer as a percentage rounded to 1 decimal place, do not include the % sign.