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You own a portfolio consisting of five securities as follows: Security Number of shares Price/share Expected Return A 200 $ 16.00 17.40% B 300 $
You own a portfolio consisting of five securities as follows:
Security | Number of shares | Price/share | Expected Return |
A | 200 | $ 16.00 | 17.40% |
B | 300 | $ 12.00 | 12.10% |
C | 400 | $ 14.00 | 4.80% |
D | 500 | $ 10.00 | 11.70% |
E | 600 | $ 20.00 | 24.30% |
What is the expected return of this portfolio?
(Round your answer to the nearest hundredth; two decimal places)
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