Answered
Don has $3,000 invested in AT&T with an expected return of 11.6 percent; $10,000 in IBM with an expected return of 12.8 percent; and $6,000 in GM with an expected return of 12.2 percent. What is Don's expected return on his portfolio?
A) 12.42%
B) 12.20%
C) 11.81%
D) Cannot be determined
On Jun 28, 2024