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You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are two possibilities for what you can earn on each
You decided to invest money into a portfolio of two stocks, Snapchat and Groupon. There are two possibilities for what you can earn on each of these two stocks next year, the so-called "thumbs up" state and the so-called "thumbs down" state. The details are in the table below: \begin{tabular}{|l|l|l|l|} \hline & Proportion of money invested into Snapchat stock =30% & Proportion of money invested into Groupon stock =70% \\ \hline \end{tabular} Calculate the expected return on your portfolio next year. Put your answer in percent but do NOT use the "\%" sign, and round to TWO decimal places. For example, if you got 12.34%, type just 12.34
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