You own a portfolio that has $2,300 invested in Stock A and $3,850 invested in Stock B. If the expected returns on these stocks are 9 percent and 17 percent, respectively, what is the expected return on the portfolio?(Do not round your intermediate calculation

The expected return on the portfolio is 13.86 %

Explanation:

To calculate the expected return on the portfolio we must multiply the stocks' expected return with its weight and then take the sum.

E() = [ × E() ] + [ × E() ]

Where,

E() = Expected return on the the portfolio that consists of Stock A and Stock B

= Weight of Stock A = $2,300 / ( $2,300 + $3,850) = 46/123

= Weight of Stock B = $3,850 / ( $2,300 + $3,850) = 77/123

E() = Expected return on Stock A = 9%

E() = Expected return on Stock B = 7%

E() = [ × E() ] + [ × E() ]

       = ( x 9 ) + ( x 17)

       = 13.86 %

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