What is the mean of portfolio returns?

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 4DQ: Select one of the four stocks listed in Question 3 by entering the companys ticker symbol on the...
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Q2 - Returns on stocks X and Y are listed below:

Period    1    2    3    4    5    6    7
Stock X    4%    -2%    5%    -1%    10%    7%    12%
Stock Y    -3%    7%    4%    2%    2%    8%    -3%

Consider a portfolio of 10% stock X and 90% stock Y.

What is the mean of portfolio returns?

Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123). 

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