A portfolio consists of 40% common stock, 20% preferred stock, 15% bonds, and 25% real estate. The returns on these asset classes are 12% on common stock, 10% on preferred stock, and 8% on both real estate and bonds. The mean return on the portfolio is closest to: 

a. 10% 

b. 8% 

c. 12%

Answer rating: 100% (QA)

The correct answer is B 8 Explanation The portfolios expected return is a weigh... View the full answer