investment amount invested ror\nsavings account $2,600 1.7%\nmunicipal bond $3,700 3.2%\npreferred stock…

investment amount invested ror\nsavings account $2,600 1.7%\nmunicipal bond $3,700 3.2%\npreferred stock $575 12.9%\ncommon stock a $1,225 -5.6%\nusing technology, calculate the weighted average ror of the investments. round to the nearest tenth of a percent.\n2.1%\n3.1%\n5.9%\n7.5%

investment amount invested ror\nsavings account $2,600 1.7%\nmunicipal bond $3,700 3.2%\npreferred stock $575 12.9%\ncommon stock a $1,225 -5.6%\nusing technology, calculate the weighted average ror of the investments. round to the nearest tenth of a percent.\n2.1%\n3.1%\n5.9%\n7.5%

Answer

Explanation:

Step1: Calculate total investment

$2600 + 3700+575 + 1225=8100$

Step2: Calculate weighted return for each investment

For savings account: $2600\times0.017 = 44.2$ For municipal bond: $3700\times0.032=118.4$ For preferred stock: $575\times0.129 = 74.175$ For common stock A: $1225\times(- 0.056)=-68.6$

Step3: Calculate sum of weighted returns

$44.2+118.4 + 74.175-68.6=168.175$

Step4: Calculate weighted - average ROR

$\frac{168.175}{8100}\times100\approx2.1%$

Answer:

$2.1%$