单选题
The following information is available for a portfolio:
| Asset Class | Asset Allocation Weight (%) | Asset Class Return (%) | Correlation with Equities Class(%) |
| Equities | 46 | 16 | 100 |
| Mortgages | 25 | 12 | 30 |
| Cash and equivalents | 30 | 2 | 10 |
The return on the portfolio is closest to:
【正确答案】
C
【答案解析】
The portfolio return is the weighted mean return and is calculated as follows:
