Your portfolio consists of three stocks: IBM, Apple, and Tesla. Here are your positions in each stock along with the purchase price and the expected return of each stock: Stock # shares in portfolio Purchase Price Expected Return IBM 500 $141.25 10% Apple 700 $145.63 16% Tesla 100 $711.07 13% Calculate the expected rate of return on your portfolio.

Problem 4: Your portfolio consists of three stocks: IBM, Apple, and Tesla. Here are your positions in each stock along with the purchase price and the expected return of each stock: Stock # shares in portfolio Purchase Price Expected Return IBM 500 $141.25 10% Apple 700 $145.63 16% Tesla 100 $711.07 13% Calculate the expected rate of return on your portfolio