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Richard has $200,000 invested in his Tax-Free Savings Account (TFSA). You have determined that the following asset allocation along with the projected return to be suitable for his investment portfolio: · 50% Canadian Equities (expected return 6.6%) ·25% United States Equities (expected return 6.8%) ·25% Fixed Income Assets (expected return 3%) He expects to pay 1.5% in investment management fees each year. What annual net nominal rate of return (to two decimal places) might Richard expect to earn on his investments?
Sagot :
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