What is the answer ??? 10 points

Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.

Explanation:

A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates

I. Percentage of the portfolio invested in each individual security.

II. Projected states of the economy.

III. The performance of each security given various economic states.

IV. Probability of occurrence for each state of the economy.

Explanation: The expected return on a portfolio is the amount of revenue or income expected to be generated from the investment made on a portfolio( which is a group of financial assets like Stocks and non financial assets like Art

works etc).

THE EXPECTED RATE OF RETURN IS AFFECTED BY BOTH PERCENTAGE OF THE PORTFOLIO INVESTED IN EACH SECURITY,

THE PROJECTED OR FORCASTED STATE OF THE ECONOMY,

THE PERFORMANCE OF EACH SECURITY CONSIDERING DIFFERENT SITUATIONS,

THE PROBABILITY OF OCCURRENCE FOR EACH STATE OF THE ECONOMY ETC.