You own a portfolio of two stocks, A and B. Stock A is valued at $6,540 and has an expected return of 11.2 percent. Stock B has an expected return of 8.1 percent. What is the expected return on the portfolio if the portfolio value is $9,500?
A) 9.58 percent
B) 9.62 percent
C) 9.74 percent
D) 9.97 percent
E) 10.23 percent
Correct Answer:
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