You own a portfolio that has 3000 invested in stocks and 450

You own a portfolio that has $3,000 invested in stocks and $4,500 invested in bonds. What is the expected return of the portfolio if stocks and bonds are expected to yield a return of 9% and 11%, respectively? (Round your answer to 2 decimal places.)

Solution

expected return = 3000*0.09 + 4500*0.11

expected return = 765

expected return = 7.65%