Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $56,000. You put 20% of your money in a stock with an expected return of 13%, $39,000 in a stock with an expected

You have $56,000. You put 20% of your money in a stock with an expected return of 13%, $39,000 in a stock with an expected return of 18%, and the rest in a stock with an expected return of 19%. What is the expected return of your portfolio?

The expected return of your portfolio is enter your response here %. (Round to two decimal places.)

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

Step: 3

blur-text-image

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

Corporate Finance Reader

Authors: Robert W. Kolb

2nd Edition

1878975536, 978-1878975539

More Books

Students also viewed these Finance questions

Question

Differentiate tan(7x+9x-2.5)

Answered: 1 week ago

Question

Explain the sources of recruitment.

Answered: 1 week ago

Question

Differentiate sin(5x+2)

Answered: 1 week ago

Question

Compute the derivative f(x)=1/ax+bx

Answered: 1 week ago