You invested $13,711 in Common Stock A, $924 in Common Stock B, $4,419 in Preferred Stock A, $14,864 in Preferred Stock B, $12,583 in a corporate bond, and $403 in a government bond. You sold all investments one year later. Common Stock A showed a rate of return of 9.34%; Common Stock B showed a rate of return of 17.2%; Preferred Stock A had a rate of return of -18.82%; Preferred Stock B had a rate of return of 3.14%; the corporate bond had a rate of return of 14.63%; and, the government bond realized a rate of return of -17.4%. What is the weighted mean of the rate of return for this portfolio?
HINT: Be sure to multiply each rate of return with the amount invested. Weighted return (for each stock, bond, or savings account) = Rate of Return X Amount Invested. Add the weighted returns and divide the total by the total amount invested.