Akai Has a Portfolio of Three Assets

question 80

Essay

Akai has a portfolio of three assets. Find the expected rate of return for the portfolio assuming he invests 50 percent of its money in asset A with 10 percent rate of return, 30 percent in asset B with a rate of return of 20 percent, and the rest in asset C with 30 percent rate of return.

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Definitions:

Personal Representative

Executors and administrators of wills in states that have adopted the Uniform Probate Code.

Probate Court

A specialized court that deals with matters concerning the distribution of deceased persons' estates.

Public Records

Public records are documents or pieces of information that are not considered confidential and are kept by government agencies, accessible by the general public, including records like birth certificates, court records, and property deeds.

Acknowledged

means recognized or accepted as being true or existing, often officially or formally.