You own a portfolio that has $2,100 invested in Stock A and $3,050 invested in Stock B. If the expected returns on these stocks are 10 percent and 14 percent, respectively, what is the expected return on the portfolio? (Do not round your intermediate calculations.) Hint: The portfolio return is a portfolio weighted average of the returns of the assets in the portfolio.
- 11.63%
- 12.99%
- 12.00%
- 12.37%
- 12.62%