You Own a Portfolio That Has $2,000 Invested in Stock

Multiple Choice

You own a portfolio that has $2,000 invested in Stock A and $1,400 invested in Stock B. The expected returns on these stocks are 14 percent and 9 percent, respectively. What is the expected return on the portfolio?

A) 11.06 percent
B) 11.50 percent
C) 11.94 percent
D) 12.13 percent
E) 12.41 percent