Question: Chris had $ 8 0 , 0 0 0 in investments at the beginning of the year that consisted of a diversified portfolio of stocks

Chris had $80,000 in investments at the beginning of the year that consisted of a diversified portfolio of stocks (30 percent); bonds (50 percent) and cash equivalents (20 percent). His returns over the past 12 months were 6 percent on stocks, 3 percent on bounds and 1 percent on cash equivalents. What is his average return for the year? Calculate the amount of stocks, bonds and cash equivalents in his portfolio today.

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