investor X invested in three stock equally return on his portfolio is 18%. return of stock is A is 14% return of stock b is 15% what what is the return on stock C
Answers
Given : investor X invested in three stock equally return on his portfolio is 18%.
return of stock is A is 14%
return of stock b is 15%
To Find : the return on stock C
Solution:
Let say invested in each stock = 100X
and return on stock C = y %
return of stock A is 14% = (14/100)100X = 14X
return of stock B is 15% = (15/100)100X = 15X
return of stock C is Y% = (y/100)100X = Xy
Total Return = 14X + 15X + Xy
Total investment = 100X + 100X + 100X = 300X
return on his portfolio is 18%.
=> return = (18/100)300X = 54X
14X + 15X + Xy = 54X
=> 14 + 15 + y = 54
=> y = 25
the return on stock C is 25 %
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