1. You own a portfolio that has $2,300 invested in Stock A and $3,300 invested in Stock B. If the expected returns on these stocks are 13 percent and 17 percent, respectively, what is the expected return on the portfolio? (Do not round your intermediate calculations.)
2. You purchase a bond with a coupon rate of 4.0 percent and a clean price of $1,130. If the next semiannual coupon payment is due in four months, what is the invoice price?
3. What is the accumulated sum of the following stream of payments. $25,274 every year at the beginning of the year for 7 years at 3.03 percent compounded annually.