1. You have ?$67,000. You put 20?% of your money in a stock with an expected return of 14?%, $38,000 in a stock with an expected return of 18?%, and the rest in a stock with an expected return of 23?%. What is the expected return of your? portfolio?
2. What is the present value of $3,000 per year for 10 years discounted back to the present at 9 percent?
The present values of $3,000 per year for 10 years discounted back to the present at 9 percent is $_. (Round to the nearest cent.)