At the beginning of the year, Tim's $1,000,000 portfolio had a strategic (and actual) asset...
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Finance
At the beginning of the year, Tim's $1,000,000 portfolio had a strategic (and actual) asset allocation of 10% cash. 30% Canadian bonds, and 60% Canadian equities. As of today, his cash balance is 10% higher, his bonds are worth 5% more, and his equity allocation is worth 10% less. What is the current value of Tim's portfolio? O a) $1,050,000 b) $950,000 c) $965,000 d) $1,065,000
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