JoJo's portfolio's return is 12%. She is invested in Cisco and IBM which had returns of 15% and 9% respectively. What percentage of JoJo's assets are invested in each firm?
A) 40% in Cisco and 60% in IBM
B) 50% in Cisco and 50% in IBM
C) 30% in Cisco and 70% in IBM
D) Unable to determine with the data provided

Question

Quizplus · Accepted Answer

The Answer of JoJo's portfolio's return is 12%. She is invested in Cisco and IBM which had returns of 15% and 9% respectively. What percentage of JoJo's assets are invested in each firm?
A) 40% in Cisco and 60% in IBM
B) 50% in Cisco and 50% in IBM
C) 30% in Cisco and 70% in IBM
D) Unable to determine with the data provided

JoJo's Portfolio's Return Is 12