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07-06-2023
Business

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You own a portfolio of two stocks, X and Y. Stock X is valued at $4,000 and has an expected return of 12 percent. Stock Y has an expected return of 28 percent. What is the expected return on the portfolio if the portfolio total value is $10,000?
a) 17.7%
b) 15.4%
c) 21.6%
d) 19.8%

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