Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $ 6 5 , 0 0 0 . You put 2 3 % of your money in a stock with an expected return

You have $65,000. You put 23% of your money in a stock with an expected return of 15%,$37,000 in a stock with an
expected return of 17%, and the rest in a stock with an expected return of 22%. 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

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

Personal Finance

Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes

2nd Edition

0256079056, 9780256079050

More Books

Students also viewed these Finance questions