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Richie holds a stock portfolio of two stocks. The portfolio’s return is the weighted average of the returns of the component stocks. Stock A had a return of 10.0% and Stock B had a return of 13.0%. If Stock A constitutes 40% of Richie’s stock portfolio, what is the return on the portfolio?
Jordan has a three-stock portfolio. The returns of the three stocks are shown below: Stock Return X 8% Y 9% Z 13% Stock X makes up 30% of Jordan’s portfolio, and the portfolio has a return of 10.3%. How much of Jordan’s portfolio consists of Stock Y?