Tim's portfolio contains two stocks, Lightco and Shineco. Last year his portfolio returned 14 percent. Lightcos return

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Tim's portfolio contains two stocks, Lightco and Shineco. Last year his portfolio returned 14 percent. Lightco’s return was 5 percent and Shineco returned 20 percent. What are the weights of each in Tim's portfolio? The following year Tim adds a third stock, Brightco, and relocates his funds among the three stocks. Lightco and Shineco have the same weight in the portfolio, and Brightco's weight is one-half of Lightco. During the year Lightco returns 10 percent, shineco returns 12 percent, and brightco loses 5 percent. What was the return on his portfolio? 


Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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