Assuming that you own all the assets listed below, what is the expected return of your portfolio?
An annuity that pays $100 a year for 10 years with an expected return of 5% APR
An $100 investment in a stock portfolio that is expected to return 8% APR in perpetuity
A bond with a face amount $1000 and 10 years left to maturity that has a yield to maturity of 10%, and an annual coupon rate of 6%.