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Returns and actions. Noel had $30,000 in investments at the beginning of the year that consisted of a diversified portfolio of stocks (90 percent), bonds
Returns and actions. Noel had $30,000 in investments at the beginning of the year that consisted of a diversified portfolio of stocks (90 percent), bonds (8 percent), and cash equivalents (2 percent). His returns over the past 12 months were 10.1 percent on stocks, 6.3 percent on bonds, and 0.59 percent on cash equivalents. What is Noel's average return for the year? (10 points) Diversified Percent of portfolio Average return Annual return portfolio Stocks Bonds Cash equivalents Total portfolio
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