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Question) Prudent Investment Management has an asset allocation strategy of 70% Australian investments and 30% global investments. Within Australia, Prudent has allocated 35% of its
Question) Prudent Investment Management has an asset allocation strategy of 70% Australian investments and 30% global investments. Within Australia, Prudent has allocated 35% of its
portfolio to bonds and 65% to equity. Globally, Prudent has allocated 62% to equities and 38% to bonds. Prudent now holds 5% of its global equity portfolio in the stock of Tesla.
About what percentage of Prudent's total portfolio is invested in Tesla?
A. 0.93%
B. 1.12%
C. 1.50%
D. 1.82%
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