Question: Help Save & Exit Submit David Brown has $23,411,00 invested in American Cyanamid, $20,882.00 in Gannett Company, and $26,382.00 in Texas International. If American Cyanamid
Help Save & Exit Submit David Brown has $23,411,00 invested in American Cyanamid, $20,882.00 in Gannett Company, and $26,382.00 in Texas International. If American Cyanamid has an expected return of 16.44%, Gannett an expected return of 17.66%, and Texas International an expected return of 21.24%, what is the portfolio's expected return? (Answer the number of percentage, e.g. if your answer is 10%, answer 10 in the answering area. Do not round intermediate calculations. Round your answer to 2 decimal places.) Numeric Response
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
