Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
You have $67,000. You put 24% of your money in a stock with an expected return of 14%,$33,000 in a stock with an expected return
You have $67,000. You put 24% of your money in a stock with an expected return of 14%,$33,000 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](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66a11b195921c_26466a11b18eef8f.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started