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At the beginning of the month, you owned $7,000 of News Corp, $5,000 of First Data,...

At the beginning of the month, you owned $7,000 of News Corp, $5,000 of First Data, and $8,000 of Whirlpool. The monthly returns for News Corp, First Data, and Whirlpool were 8.70 percent, −2.66 percent, and 10.83 percent. What’s your portfolio return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Expert Solution

Ans $ 1342.40

Stock INVESTMENT (i) Return (ii) Investment* Return (i)* (ii)
News Corp                   7,000 8.70%                                     609.00
First Data                   5,000 -2.66%                                    (133.00)
Whirlpool                   8,000 10.83%                                     866.40
Total                 20,000                                  1,342.40

jeff jeffy answered 10 months ago
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