Answer:
25.4%
Explanation:
Portfolio standard deviation = Proportion in the risky asset X Standard deviation of risky asset
28 = 37x
Solving for x derives:-
28/37 = x
Expected return of the portfolio = 14%( 1- (28/37)) + 29%(28/37)
= 25.4%
Therefore, the expected return on the portfolio is 25.4%.
Are they’re multiple answers choices or a open question
I think it’s around 18 million or more people that make more than 1 million or 1 million yearly