Assume that you have $33,000 invested in a stock that is returning 10.8%, $15,000 invested in a stock that is returning 21.7%, and $49,000 invested in a stock that is returning 11.3%. The expected return of your portfolio is ______ %. Round to the nearest 0.01% (drop the % symbol). E.g., if your answer is 21.93%, record it as 21.93.

Assume that you have $33,000 invested in a stock that is returning 10.8%, $15,000 invested in a stock that is returning 21.7%, and $49,000 invested in a stock that is returning 11.3%. The expected return of your portfolio is ______ %. Round to the nearest 0.01% (drop the % symbol). E.g., if your answer is 21.93%, record it as 21.93.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter2: Risk And Return: Part I

Section: Chapter Questions

Problem 1P: Your investment club has only two stocks in its portfolio. 20,000 is invested in a stock with a beta...

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