Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

you have $61,000. you put 20% of your money in a stock with an expected return of 12%, $34,000 in a stock with an expected

you have $61,000. you put 20% of your money in a stock with an expected return of 12%, $34,000 in a stock with an expected return of 14%, 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.)

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

Private Debt Yield Safety And The Emergence Of Alternative Lending

Authors: Stephen L. Nesbitt

2nd Edition

1119944392, 978-1119944393

Students also viewed these Finance questions

Question

=+3. List the touchpoints where you'd reach your audience.

Answered: 1 week ago