What is chris average return for the year

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Chris had $80,000 in investments at the beginning of the year that consisted of a diversified portfolio of stocks (30 percent); bonds (50 percent) and cash equivalents (20 percent). His returns over the past 12 months were 6 percent on stocks, 3 percent on bounds and 1 percent on cash equivalents.

Problem a. What is Chris's average return for the year?

Problem b. Calculate the amount of stocks, bonds and cash equivalents in his portfolio today.

Reference no: EM132867226

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