Question

Financial Algebra, I just don't get it

Answer 1

what is your question ?

Answer 2

Jeremiah invested $1,200 in a Certificate of Deposit, $3,500 in a corporate bond, $900 in a common stock, and $2,475 in a preferred stock, The COD has a rate of return of 2.1%; the corporate bond is –1.3%; the common stock’s rate of return is 4.1%; and the preferred stock has a rate of return of 5.5%. What is the weighted mean, mean and median overall rate of return on Jeremiah’s investment portfolio?

Answer 3

I'm not surer how to get the weighted mean, the "how to" isn't outlined in the lesson