HELPPPP

One year ago you evaluated your risk tolerance and decided that the best asset allocation for you would be 64% stocks and the remainder bonds. You invested according to this asset allocation. It has been one year since then and now you have a total portfolio value of $11,000 with $9,000 in stocks. How much money worth of stock do you need to buy or sell in order to rebalance your portfolio. Please answer in dollars and cents. If you think you should sell some of the stock to purchase more bonds, answer with a negative dollar amount. Answer with a positive dollar amount if you think you should purchase more of the stock by selling some of your bond holding. 1