Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $70,000. You put 21% of your money in a stock with an expected return of 11%, $36,000 in a stock with an expected

image text in transcribed
You have $70,000. You put 21% of your money in a stock with an expected return of 11%, $36,000 in a stock with an expected return of 13%, and the rest in a stock with an expected return of 18%. What is the expected return of your portfolio? GIE 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

Evaluation Of Maternal Deaths Audit Activities In Mulanje District

Authors: John Nepiyala

1st Edition

3330069562, 978-3330069565

Students also viewed these Accounting questions

Question

*3. Give a method for simulating a hypergeometric random variable.

Answered: 1 week ago