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Your investment portfolio has 15,000 shares of Fairfax Paint, which has an expected return of 9.7 percent and a price of 7.6 dollars per share,
Your investment portfolio has 15,000 shares of Fairfax Paint, which has an expected return of 9.7 percent and a price of 7.6 dollars per share, and 20,000 shares of Litchfield Design, which has a price of 3.4 dollars per share. If your portfolio has an expected return of 12.99 percent, then what is the expected return for Litchfield Design? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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