Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have $57,000. You put 21% of your money in a stock with an expected return of 10%, $36,000 in a stock with an expected
You have $57,000. You put 21% of your money in a stock with an expected return of 10%, $36,000 in a stock with an expected return of 15%, 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 (?) %.
(Round to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started