Question: Word Problem Question 2: (You have to submit an image of your FULL solution to the question in eConestoga -> Course Tools -> Assignments [Midterm
Word Problem Question 2: (You have to submit an image of your FULL solution to the question in eConestoga -> Course Tools -> Assignments [Midterm Submission]) One year ago Dave allocated the funds in his portfolio among 4 securities in the amounts listed in the following table. The rate of return on each security for the year is given in the third column. Calculate the average rate of return for the entire portfolio. Round your final answer to two decimals. Do not round intermediate steps. Do not include the percent sign in the blank and show your final answer only. For example, 25.65% input as 25.65. Security Amount Invested Rate of Return Company A Shares $4,500 8% Company B Shares $17,500 -5% Company C Shares 97,400 1% Company D Shares $24,600 26% Your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
