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A portfolio consists of assets with the following expected returns:

technology stocks 20%

Pharmaceutical stocks 15%

utility stocks 10%

savings account 5%

A. What is the expected return on the portfolio if the investor spends an equal amount on each asset?

B. What is the expected return on the portfolio if the investor puts 50% of available funds in technology stocks, 10% in pharm stocks, 24% in utility stocks and 16% percent in savings?

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