You own a portfolio that is 31 percent invested in Stock X, 46 percent in Stock

Question

You own a portfolio that is 31 percent invested in Stock X, 46 percent in Stock Y, and 23 percent in Stock Z. The expected returns on these three stocks are 11 percent, 14 percent, and 16 percent, respectively.

What is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

You own a portfolio that is 31 percent invested in Stock X, 46 percent in Stock Y, and 23 percent in Stock Z. The expected returns on these three stocks are 11 percent, 14 percent, and 16 percent, respectively.

Explanation / Answer

Return (A) Holding(B) Weighted Return (A x B) X 31% 11% 3.41% Y 46% 14% 6.44% Z 23% 16% 3.68% Return on Portfolio 13.53%

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