Yeartodate Oracle had eamed a 150 percent return During the

Year-to-date, Oracle had eamed a -1.50 percent return. During the same time period, Valero Energy earned 7.98 percent and McDonald\'s earned 0.64 percent. If you have a portfolio made up of 30 percent Oracle, 35 percent Valero Energy, and 35 percent McDonald\'s, what is your portfolio return? (Round your answer to 2 decimal places.) Portfolio return

Solution

Portfolio return=Respective return*Respective weights

=(-1.5*0.3)+(7.98*0.35)+(0.64*0.35)

which is equal to

=2.57%(Approx).