Your Broker Mailed You Your Year-End Statement

Multiple Choice

Your broker mailed you your year-end statement.You have $25,000 invested in Dow Chemical,$18,000 tied up in GM,$36,000 in Microsoft stock,and $11,000 in Nike.The annualized returns for these stocks is 16.5% for Dow,12.0% for GM,18.5% for Microsoft,and 15.3% for Nike.What is the return of your entire portfolio?

A) 15.60%
B) 18.55%
C) 16.25%
D) 9.00%