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You work as an analyst for a large charitable trust, and part of your job is to evaluate assets to add to the trusts investment

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You work as an analyst for a large charitable trust, and part of your job is to evaluate assets to add to the trusts investment portfolio. You have your eye on two stocks. The stock of The Towel Company has an expected retum of 13% and the stock of Block and Tackle has an expected return of 30%. If you decide to split the trusts investment by putting 49% of your fund into The Towel Company and 51% in Block and Tackle, what would the expected return for your portfolio be? (Round to 2 decimals, and answer as a percentage.) a. 23.77% b. 19.47% c. 19.33% d. 21.67% e. 24.07%

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