Question
You hold a portfolio that has an expected return of 8.45% and a value of $85,000. You are in the process of buying 1,500 shares
You hold a portfolio that has an expected return of 8.45% and a value of $85,000. You are in the process of buying 1,500 shares of BBB Corp at $10 a share and adding it to your portfolio. BBB has an expected return of 12.45%. What is the expected return on the portfolio after the purchase of BBB stock?
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0133392883
