Asked by Ghatlin Hegge on Apr 27, 2024
Verified
Erin has invested in both an equity mutual fund and a bond mutual fund. Her financial advisor told her that her overall portfolio rose in value by 1.1% last year. Erin noted in the newspaper that the equity fund lost 3.3% last year while the bond fund rose 7.7%. To the nearest 0.1%, what percentage of her portfolio was in the equity fund at the beginning of the year?
Equity Mutual Fund
A type of mutual fund that invests primarily in stocks, aiming to provide investment returns that correlate with the performance of the stock market.
Bond Mutual Fund
A fund that invests in bonds, providing investors with diversification and the potential for income.
- Evaluate investment alternatives and financial results in accordance with specified financial situations.
Verified Answer
NA
Learning Objectives
- Evaluate investment alternatives and financial results in accordance with specified financial situations.