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Toyota Corp.'s stock is $32 per share. Its expected return is 23% and variance is 13%. Honda Corp.'s stock is $18 per share. Its expected
Toyota Corp.'s stock is $32 per share. Its expected return is 23% and variance is 13%. Honda Corp.'s stock is $18 per share. Its expected return is 16% and variance is 5%. Benz Corp.'s stock is $50 per share. Its expected return is 12% and variance 5%. What would be the expected return of a portfolio consisting of 50% Toyota and 50% Honda? % * Place your answer in percentage form, say 5.99% and not 0599
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