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You own a portfolio that is 32% invested in Stock X, 20% in Stock Y, and 48% in Stock Z. The expected returns on these three stocks are 10%, 20%, and 16%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return |%

You own a portfolio that is 32% invested in Stock X, 20% in Stock Y, and 48% in Stock Z. The expected returns on these three stocks are 10%, 20%, and 16%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return |%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 25P
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You own a portfolio that is 32% invested in Stock X, 20% in Stock Y, and 48% in Stock Z. The expected returns on these three stocks are 10%, 20%, and 16%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return |%
Transcribed Image Text:You own a portfolio that is 32% invested in Stock X, 20% in Stock Y, and 48% in Stock Z. The expected returns on these three stocks are 10%, 20%, and 16%, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Portfolio expected return |%
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