Don Has $3,000 Invested in AT&T with an Expected Return

question 37

Multiple Choice

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

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Definitions:

Standardize Products

The process of making products uniform to ensure consistency and efficiency.

Domestic Strategy

Business strategies focused on operations and activities within a company's home country, tailoring products and services to the local market.

Exporting Goods

The process of selling and shipping goods from one's own country to foreign markets.

Seeking New Markets

The strategy of exploring and entering new geographic or demographic areas to expand business operations and customer base.