An investor owns a portfolio of $60,000 that contains $15,000 in stock A, with an expected return
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Question:
An investor owns a portfolio of $60,000 that contains $15,000 in stock A, with an expected return of 12 percent; $20,000 in bonds, with an expected return of 8 percent; and the rest in stock B, with an expected return of 20 percent. Calculate the expected return of the portfolio.
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