You have invested $12,000 in AAA stock, $8,000 in BBB stock, and $6,000 in CCC stock. If you expect the return on AAA to be
You have invested $12,000 in AAA stock, $8,000 in BBB stock, and $6,000 in CCC stock. If you expect the return on AAA to be 5% in the next year, the return on BBB to be 3%, and the return on CCC to be 8%, what is the expected return for your portfolio?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the expected return for your portfolio we need to calculate the weighted average return ...
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Step: 2
Step: 3
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Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
