Problem:
You own a portfolio of two stocks, A and B. Stock A is valued at $6,500 and has an expected return of 11.2 percent. Stock B has an expected return of 8.1 percent.
Required:
Question: What is the expected return on the portfolio if the portfolio value is $9,500?
- 9.58 percent
- 9.62 percent
- 9.74 percent
- 10.07 percent
- 10.22 percent
Note: Please provide full description.