at is the expected return of your portfolic

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Fairmont Enterprises has an expected return of 17%, and Laval News has an expected return of 19%. If you put 70% of
your portfolio in Laval and 30% in Fairmont, what is the expected return of your portfolio?
***
Expected return on the portfolio is%. (Round to two decimal places.)
Transcribed Image Text:Fairmont Enterprises has an expected return of 17%, and Laval News has an expected return of 19%. If you put 70% of your portfolio in Laval and 30% in Fairmont, what is the expected return of your portfolio? *** Expected return on the portfolio is%. (Round to two decimal places.)
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