You own a portfolio that is 28 percent invested in Stock X, 43 percent in Stock Y, and 29 percent in Stock Z. The expected returns on these three stocks are 9 percent, 12 percent, and 14 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %
You own a portfolio that is 28 percent invested in Stock X, 43 percent in Stock Y, and 29 percent in Stock Z. The expected returns on these three stocks are 9 percent, 12 percent, and 14 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %
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
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![Problem 11-3 Portfolio Expected Return [LO 1]
You own a portfolio that is 28 percent invested in Stock X, 43 percent in Stock Y, and 29
percent in Stock Z. The expected returns on these three stocks are 9 percent, 12
percent, and 14 percent, respectively. What is the expected return on the portfolio? (Do
not round intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
Expected return
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca0ee9f0-26a0-4b69-a817-d7c752512585%2F1dbdb9ae-2f31-45a0-8dda-a96de9355f5d%2Froxd39h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 11-3 Portfolio Expected Return [LO 1]
You own a portfolio that is 28 percent invested in Stock X, 43 percent in Stock Y, and 29
percent in Stock Z. The expected returns on these three stocks are 9 percent, 12
percent, and 14 percent, respectively. What is the expected return on the portfolio? (Do
not round intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
Expected return
%
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