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Problem 8-04 Consider a $81,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $6,000 12
Problem 8-04
Consider a $81,000 portfolio consisting of three stocks. Their values and expected returns are as follows:
Stock Investment Expected Return
A $6,000 12 %
B 25,000 9
C 50,000 19
What is the weighted-average expected return on the portfolio? Round your answer to one decimal place.
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