Determining the minimum expected annual return

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In order to fund her retirement, Michele requires a portfolio with an expected return of 0.10 per year over the next 30 years. She has decided to invest in Stocks 1, 2, 3 with 25 percent in Stock1, 50percent in Stock 2, and 25 percent Stock 3. If Stock 1 and 2 have the minimum expected annual return for Sock 3 that will enable Michel to achieve her investment requirement? Round to two decimal places

Reference no: EM132796936

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