Question
An investment portfolio is made up of shares from 5 different companies (data provided in the table below). Stock Price Number of Shares Company A
An investment portfolio is made up of shares from 5 different companies (data provided in the table below).
|
| Stock Price | Number of Shares |
| Company A | $50 | 1,250 |
| Company B | $65 | 1,000 |
| Company C | $100 | 500 |
| Company D | $85 | 1,300 |
| Company E | $150 | 250 |
Compute the weighted average (mean) for the stock price for this investment portfolio. Round your answer to the hundredths place (2 decimals). Note the system may add 0's, but that won't affect your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
