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 %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Topic Video
Question
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 $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 %
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%
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%
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education