Question: Please solve the following problems using the long method with formulas. (Do not solve using the calculator functions for Data and Stat). Please show all

Please solve the following problems using the long method with formulas. (Do not solve using the calculator functions for Data and Stat). Please show all calculations and not just the answer.

3. Calculate the rate of return on the following portfolio. (Hint: First calculate the weight of each stock value as a percentage of total dollar investment)

STOCK	Number of Shares	Price per Share	Expected Return
A	400	$24	13.6%
B	300	$13	14.8%
C	100	$33	7.4%
D	100	$54	2.1%

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