Rogelio’s portfolio is worth 72,600 dollars and has three stocks. It has 16,000 dollars of stock A, which has an expected return of 6.26 percent; it has 1,800 shares of stock B, which has a share price of 8.5 dollars and an expected return of 8.78 percent; and it has some stock C, which has an expected return of 16.53 percent. What is the expected return of Rogelio’s portfolio? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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