Returns on stocks X and Y are listed below:
Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Stock X | 9% | 5% | 6% | -2% | 1% | -3% | 11% |
Stock Y | -4% | 3% | 10% | 7% | 5% | -3% | 2% |
Consider a portfolio of 40% stock X and 60% stock Y.
What is the mean of portfolio returns?
Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123).
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