At the beginning of the month, you owned $7,000 of News Corporation, $5,000 of First Data, and $8,000 of Whirlpool. The monthly returns for News Corporation, First Data, and Whirlpool were 8.70 percent, -2.66 percent, and 10.83 percent. What's your portfolio return? A 1 2 Value 3 Return B New Corporation $ 7,000 8.70% Portfolio return First Data $5,000 -2.66% Whirlpool $8,000 10.83 % Note: Do not round intermediate calculations and round your final answer to 2 decimal places. D %
At the beginning of the month, you owned $7,000 of News Corporation, $5,000 of First Data, and $8,000 of Whirlpool. The monthly returns for News Corporation, First Data, and Whirlpool were 8.70 percent, -2.66 percent, and 10.83 percent. What's your portfolio return? A 1 2 Value 3 Return B New Corporation $ 7,000 8.70% Portfolio return First Data $5,000 -2.66% Whirlpool $8,000 10.83 % Note: Do not round intermediate calculations and round your final answer to 2 decimal places. D %
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Question

Transcribed Image Text:At the beginning of the month, you owned $7,000 of News Corporation, $5,000 of First Data, and $8,000 of Whirlpool. The monthly
returns for News Corporation, First Data, and Whirlpool were 8.70 percent, -2.66 percent, and 10.83 percent. What's your portfolio
return?
A
1
2 Value
3 Return
B
New
Corporation
$7,000
8.70%
First Data
$ 5,000
-2.66%
Whirlpool
$ 8,000
10.83 %
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Portfolio return
D
%

Transcribed Image Text:At the beginning of the month, you owned $5,000 of General Dynamics, $7,000 of Starbucks, and $8,000 of Nike. The monthly returns
for General Dynamics, Starbucks, and Nike were 6.10 percent, -1.38 percent, and -0.55 percent. What is your portfolio return?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Answer is complete but not entirely correct.
Portfolio
return
1.85%
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