Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Your portfolio has an expected return of 12.45% The portfolio includes two stocks. The first stock has a weight of 0.55 and the second has
Your portfolio has an expected return of
12.45%
The portfolio includes two stocks. The first stock has a weight of
0.55
and the second has a weight of
0.45
If the expected return on the first stock is
12%,
then what is the expected return on the second stock in percentage terms?
The expected return on the second stock is
__%.
(Round to the nearest whole percent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started