Example 1.4B - Investment Portfolio One year ago, Mrs. Boyd divided her savings among four mutual...

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Example 1.4B - Investment Portfolio One year ago, Mrs. Boyd divided her savings among four mutual funds as follows: 20% was invested in a bond fund, 15% in a money market fund, 40% in a Canadian equity fund, and 25% in a global equity fund. During the past year, the rates of return on the individual mutual funds were 10%, 4%, -2%, and 15%, respectively. What was the overall rate of return on her portfolio? Example 1.4B - Investment Portfolio One year ago, Mrs. Boyd divided her savings among four mutual funds as follows: 20% was invested in a bond fund, 15% in a money market fund, 40% in a Canadian equity fund, and 25% in a global equity fund. During the past year, the rates of return on the individual mutual funds were 10%, 4%, -2%, and 15%, respectively. What was the overall rate of return on her portfolio?