Since the geometric series is not long we can pair up the number
20 + 29 = 49
21 + 28 = 49
22 + 27 = 49
23 + 26 = 49
24 + 25 = 49
Since we made 5 pairs of 49, the answer is 245. (49 x 5)
A portfolio is efficient if one is unable to find a competing portfolio with a higher expected return and the same or lower rate of volatility.
<h3>The need for classifying portfolios between efficient and inefficient</h3>
Classification of portfolios are critical to investors. They help investors to make decisions regarding which portfolio to invest in.
Investors usually stay away from inefficient portfolios as a pose a higher risk relatively.
A portfolio is inefficient if there is another portfolio that has a higher return without a higher risk of volatility.
See the link below for more about Efficient Portfolios:
brainly.com/question/10820234
Answer:
$69
Step-by-step explanation:
Price of book after the price increase
= 60 + 15% of 60
= 60 + 0.15*60
= 60 + 9.0
= $69
I’m pretty sure the answer is between c & b