Question: two portfolios p1 and p2 produce the following returns in...
Question details
Two portfolios, P1 and P2, produce the following returns in years 1-5:
| Year | P1 Return (%) | P2 Return (%) |
| 1 | 8 | -10 |
| 2 | 3 | -4 |
| 3 | -6 | 4 |
| 4 | 7 | -6 |
| 5 | 7 | 5 |
What is the mean annual return on a portfolio that is 70% invested in P1 and 30% invested in P2?
Enter answer accurate to 2 decimal places
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