A Portfolio Consists of $38,312 of Stock A,$42,509 of Stock

question 23

Multiple Choice

A portfolio consists of $38,312 of Stock A,$42,509 of Stock B,and $11,516 of Stock C.The expected returns on Stocks A,B,and C are 6.85 percent,12.08 percent,and 15.92 percent,respectively.What is the portfolio expected rate of return?

• A)9.98%
• B)11.21%
• C)11.88%
• D)10.39%
• E)12.07%

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Definitions:

Bearer Instrument

A type of negotiable instrument that is not registered to a specific owner and can be transferred by possession alone.

Order Instrument

A financial document that is made payable to a specific individual or entity, requiring endorsement for transfer or payment.

Burden Of Proof

The obligation to prove one's assertion or claim in a legal proceeding.

Responsible Party

The individual or entity legally obligated or held accountable in a particular situation or for a specific act.