At the beginning of the month, you owned $5,000 of News Corp…
At the beginning of the month, you owned $5,000 of News Corp, $7,000 of First Data, and $8,000 of Whirlpool. The monthly returns for News Corp, First Data, and Whirlpool were 8.60 percent, −2.65 percent, and 10.73 percent. What’s your portfolio return? (Do not round intermediate calculations and round your final answer to 2 decimal places.)