Fairmont Enterprises has an expected return of 19%, and Laval News has an expected return of 20%. If you put 54% of your portfolio in Laval and 46% in Fairmont, what is the expected return of your portfolio? Expected return on the portfolio is % (Round to two decimal places.)
Fairmont Enterprises has an expected return of 19%, and Laval News has an expected return of 20%. If you put 54% of your portfolio in Laval and 46% in Fairmont, what is the expected return of your portfolio? Expected return on the portfolio is % (Round to two decimal places.)
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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Transcribed Image Text:Fairmont Enterprises has an expected return of 19%, and Laval News has an expected return of 20%. If you put 54% of your portfolio in Laval and 46% 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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