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You currently have $1,000 to invest. Suppose you invest $700 in Stock X, which has an expected return of 12 percent, and you invest your
You currently have $1,000 to invest. Suppose you invest $700 in Stock X, which has an expected return of 12 percent, and you invest your remaining cash in Stock Y, which has an expected return of 16 percent. What is the expected return on this portfolio?
13.20 percent
14.00 percent
14.80 percent
19.60 percent
28.00 percent
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