Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year in 2012, you invested your life savings into a retirement portfolio. You invested your money in Nicklaus Ceramics and Bobby Jones Airlines. (assume

Last year in 2012, you invested your life savings into a retirement portfolio. You invested your money in Nicklaus Ceramics and Bobby Jones Airlines. (assume no dividends paid)

STOCK 2012 Price / Share 2012 # of shares 2013 Price / Share

Nicklaus Ceramics $21.19 4,567.00 $25.47

Bobby Jones Airlines $52.00 2,421.00 $55.34

What percentage return did the portfolio earn over the past year? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions