Problem:
You own a portfolio that is invested 38% in Stock A, 43% in Stock B, and the remainder in Stock C. The expected returns on these stocks are 10.9%, 15.4%, and 9.1%, respectively.
Requirement:
Question 1: What is the expected return on the portfolio?
- 10.55%
- 11.02%
- 11.67%
- 12.49%
- 13.05%
Note: Show all workings.