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Problem 9 - 2 5 Portfolio Return ( LG 9 - 7 ) At the beginning of the month, you owned $ 5 , 5

Problem 9-25 Portfolio Return (LG9-7)
At the beginning of the month, you owned $5,500 of General Dynamics, $7,500 of Starbucks, and $8,000 of Nike. The monthly returns for General Dynamics, Starbucks, and Nike were 7.44 percent, -1.36 percent, and -0.54 percent. What is your portfolio return? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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