Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $ 5 7 , 0 0 0 . You put 2 2 % of your money in a stock with an expected return

You have $57,000. You put 22% of your money in a stock with an expected return of 15%,$38,000 in a stock with an
expected return of 13%, and the rest in a stock with an expected return of 21%. What is the expected return of
your portfolio?
The expected return of your portfolio is
%.(Round to two decimal places.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Cornett

7th Edition

1259919714, 978-1259919718

More Books

Students also viewed these Finance questions