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You have a portfolio worth $56,000 that has an expected return of 13 percent. The portfolio has $16,600 invested in Stock O, $24,400 invested in
You have a portfolio worth $56,000 that has an expected return of 13 percent. The portfolio has $16,600 invested in Stock O, $24,400 invested in Stock P, with the remainder in Stock Q. The expected return on Stock O is 17.8 percent and the expected return on Stock P is 11 percent. What is the expected return on Stock Q?
12.76%
10.94%
11.94%
13.93%
13.00%
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