Question 34 (1 point) A wealth management company contacted Chan and would like to introduce a new stock portfolio to him. This portfolio will consist of three stocks only: X with an expected return of 12%; Y with an expected return of 5%; and Z with an expected return of 2%. Chan is a return-chaser so he plans to invest $2,500 in stock X, $2,000 in stock Y, and $500 in stock Z. What return should Chan expect to earn from this portfolio? Question 34 options:

a)

12.2%

b)

15%

c)

Cannot be determined

d)

10%

e)

8.20%