Question

What is the weighted average rate of return for the following investment portfolio?

Retirement fund: 50% (6% annual interest)

Stocks: 20% (7% annual interest)

Bonds: 30% (5% annual interest)

A. 6.9%

B. 7.0%

C. 5.0%

D. 5.9%

Answer 1

D. 5.9%

Explanation:

I took the quiz and got it wrong but it did reveal the right answer.