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You invested $40,000 on Stock ABC and have earned 10% return last year. In addition, you investment $20,000 on XXZ bond and have earned 5%
You invested $40,000 on Stock ABC and have earned 10% return last year.
In addition, you investment $20,000 on XXZ bond and have earned 5% return last year.
Assuming tax rate is zero. What is your weighted average return on your total investment last year?
You must round up your answer to 4 decimals. (for example, if your answer is 7.567%, you must write 0.0757). answer asap
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