Australian Fund managers have allocated 66% of the portfolio to Australian investments and the rest to overseas investments. In the overseas investments, 70% are in equities and 30% in fixed income securities. Within the overseas fixed income portfolio 17% is invested in NovoNordisk bonds. The NovoNordisk bonds comprise what percentage of the total portfolio? A. 2.03% B.1.73% C. 2.93% D.1.43% |