You want to create a $48,000 portfolio that consists of three stocks and has an expected return of 14.5 percent. Currently, you own $16,700 of stock A and $24,200 of stockB. The expected return for stock A is 18.7 percent, and for stock B it is 11.2 percent. What is the expected rate of return for stock C?
A) 13.67 percent
B) 14.14 percent
C) 15.38 percent
D) 15.87 percent
E) 16.11 percent

Question

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The Answer of You want to create a $48,000 portfolio that consists of three stocks and has an expected return of 14.5 percent. Currently, you own $16,700 of stock A and $24,200 of stockB. The expected return for stock A is 18.7 percent, and for stock B it is 11.2 percent. What is the expected rate of return for stock C?
A) 13.67 percent
B) 14.14 percent
C) 15.38 percent
D) 15.87 percent
E) 16.11 percent

You Want to Create a $48,000 Portfolio That Consists of Three