eBook Problem 8-04 Consider a $34,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock A B C Investment Expected Return $4,000 9% 20,000 4 10,000 17 What is the weighted-average expected return on the portfolio? Round your answer to one decimal place. %

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
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Problem 8-04
Consider a $34,000 portfolio consisting of three stocks. Their values and expected returns are as follows:
Stock
A
B
C
Investment
Expected Return
$4,000
9%
20,000
4
10,000
17
What is the weighted-average expected return on the portfolio? Round your answer to one decimal place.
%
Transcribed Image Text:eBook Problem 8-04 Consider a $34,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock A B C Investment Expected Return $4,000 9% 20,000 4 10,000 17 What is the weighted-average expected return on the portfolio? Round your answer to one decimal place. %
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