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se the price data from the table that follows for the Standard & Poors 500 Index, Wal-mart, and Target to calculate the holding-period returns for

se the price data from the table that follows for the Standard & Poor’s 500 Index, Wal-mart, and Target to calculate the holding-period returns for the 24 months from July 2010 through June 2012.

MonthS&P 500Wal-martTarget
June-10$1,030.71$48.07$49.17
Jul-101,101.6051.1951.32
Aug-101,049.3350.1451.16
Sep-101,141.2053.5253.44
Oct-101,183.2654.1751.94
Nov-101,180.5554.0956.94
Dec-101,257.6453.9360.13
Jan-111,286.1256.0754.83
Feb-111,327.2251.9852.55
Mar-111,325.8352.0550.01
Apr-111,363.6154.9849.10
May-111,345.2055.2249.53
Jun-111,320.6453.1446.91
Jul-111,292.2852.7151.49
Aug-111,218.8953.1951.67
Sep-111,131.4251.9049.04
Oct-111,253.3056.7254.75
Nov-111,246.9658.9052.70
Dec-111,257.6059.7651.22
Jan-121,312.4161.3650.81
Feb-121,365.6859.0856.69
Mar-121,408.4761.2058.27
Apr-121,397.9158.9157.94
May-121,310.3365.8257.91
Jun-121,355.6967.7057.40

Assume that you have decided to invest one-half of your money in Wal-mart and the remainder in Target. Calculate the monthly holding-period returns for your two-stock portfolio. (Hint: The monthly return for the portfolio is the average of the two stocks’ monthly returns.)

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