You have $90,000. You put 15% of your money into a stock with an expected...

70.2K

Verified Solution

Question

Finance

You have $90,000. You put 15% of your money into a stock with an expected return of 12%, $30,000 into a stock with an expected return of 15% and the rest into a stock with an expected return of 20%. What is the expected return of your portfolio?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students