In: Finance
You own a portfolio that is 30 percent invested in Stock X, 25 percent in Stock Y, and 45 percent in Stock Z. The expected returns on these three stocks are 9 percent, 18 percent, and 14 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Ans 13.50
| STOCK | Return | Investment | Return * Investment |
| X | 9% | 30 | 2.70 |
| Y | 18% | 25 | 4.50 |
| Z | 14% | 45 | 6.30 |
| Total | 13.50 |