Problem 8-02 You are considering investing in three stocks with the following expected returns: Stock A 5 %

Stock B 12

Stock C 25

What is the expected return on the portfolio if an equal amount is invested in each stock? Round your answer to two decimal places. %

What would be the expected return if 58 percent of your funds is invested in stock A and the remaining funds are split evenly between stocks B and C? Round your answer to two decimal places. %