Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $62,000. You put 23% of your money in a stock with an expected return of 14%,$38,000 in a stock with an expected return

image text in transcribed

You have $62,000. You put 23% of your money in a stock with an expected return of 14%,$38,000 in a stock with an expected return of 17%, 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_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

Finance For A Better World

Authors: Henri-Claude De Bettignies, F. LĂ©pineux

2009th Edition

0230551300, 978-0230551305

More Books

Students also viewed these Finance questions

Question

Acceptance of the key role of people in this process of adaptation.

Answered: 1 week ago

Question

preference for well defined job functions;

Answered: 1 week ago