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Problem 8-04 Consider a $55,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $ 5,000
Problem 8-04
Consider a $55,000 portfolio consisting of three stocks. Their values and expected returns are as follows:
Stock | Investment | Expected Return | |||
A | $ 5,000 | 7 | % | ||
B | 15,000 | 8 | |||
C | 35,000 | 11 |
What is the weighted-average expected return on the portfolio? Round your answer to one decimal place.
%
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