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Fremont Enterprises has an expected return of 13% and Laurelhurst News has an expected return of 22%. If you put 40% of your portfolio in Laurelhurst and 60% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is %. (Rounded to two decimal places.)

Fremont Enterprises has an expected return of 13% and Laurelhurst News has an expected return of 22%. If you put 40% of your portfolio in Laurelhurst and 60% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is %. (Rounded to two decimal places.)

Essentials Of Investments
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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Fremont Enterprises has an expected return of 13% and Laurelhurst News has an expected return of 22%. If you put 40% of your portfolio in Laurelhurst and 60% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is %. (Rounded to two decimal places.)
Transcribed Image Text:Fremont Enterprises has an expected return of 13% and Laurelhurst News has an expected return of 22%. If you put 40% of your portfolio in Laurelhurst and 60% in Fremont, what is the expected return of your portfolio? The expected return on the portfolio is %. (Rounded to two decimal places.)
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