Question
Assume that you wish to invest $69,000 in the following two stocks and create a price-value-weighted portfolio. How many shares of Stock 1 should you
Assume that you wish to invest $69,000 in the following two stocks and create a price-value-weighted portfolio. How many shares of Stock 1 should you buy?
|
| Stock 1 | Stock 2 |
| # of Outstanding Shares | 3,000 | 2,000 |
| Current Stock Price | $40 | $20 |
Round your answer to the nearest whole number.
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
