Question
1. You have $15,000 to invest.You want to purchase shares of Alaska Air at $42.88, Best Buy at $51.32, and Ford Motor at $8.51. How
1.
You have $15,000 to invest.You want to purchase shares of Alaska Air at $42.88, Best Buy at $51.32, and Ford Motor at $8.51. How many shares of each company should you purchase so that your portfolio consists of 30 percent Alaska Air, 40 percent Best Buy, and 30 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the nearest whole number.)
Alaska air | shares |
Best buy | shares |
Ford motor | shares |
2.At the beginning of the month, you owned $6,000 of News Corp, $5,000 of First Data, and $8,500 of Whirlpool. The monthly returns for News Corp, First Data, and Whirlpool were 8.24 percent, 2.59 percent, and 10.13 percent. Whats your portfolio return? (Do not round intermediate calculations and round your finalanswer to 2 decimal places.) 3. Whats the current yield of a 4.5 percent coupon corporate bond quoted at a price of 102.08? (Round your answer to 2 decimal places.) 4. Calculate the price of a 5.7 percent coupon bond with 22 years left to maturity and a market interest rate of 6.5 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your finalanswer to 2 decimal places.) 5. FedEx Corp stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year at $106.69.
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