A portfolio consists of $15,000 in Stock M and $22,900 invested in Stock N. The expected return on these stocks is 8.80 percent and 12.40 percent, respectively. What is the expected return on the portfolio

the expected return on the portfolio is 10.98%

Explanation:

The computation of the expected return is shown below;

Return on Stock M = $15,000 × 8.8% = $1,320  

Return on Stock N = $22,900 × 12.40% = $2,840

Now  

Portfolio return is

= ($1,320 + $2,840 ) ÷ ($37,900)

= 10.98%

The $37,900 comes from

= $15,000 + $22,900

= $37,900

hence, the expected return on the portfolio is 10.98%

the correct answer is:

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it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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