Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the current price of the stock for each company you selected in Week 2s, Stock Journal. You may use any price during this week

Record the current price of the stock for each company you selected in Week 2s, Stock Journal. You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day).

Determine the current value of your total investment. Do not make any changes to your investment at this time. Calculate your total based on the number of shares and the new price per share, for each company.

Provide your opinion / assessment of your investments. Evaluate the results of your current investment. Are you happy with the result and the trend? Are you upset because youre investment is worth less than $25,000. Feel free to speculate / guess at why you believe the stock increased, decreased, or remained static.

THE INFO IS AS FOLLOW FROM WK 2 STOCK JOURNAL

Indicate the companies you are investing in: Select three (3) US companies that are publicly traded. There are many ways to find such companies and the stock prices, including the New York Stock Exchange at http://www.nyse.com, NASDAQ at http://www.nasdaq.com, and http://finance.yahoo.com.

Walmart

AT&T

COSTCO Wholesale

Indicate the amount you are investing in each company: Decide how you will divide the $25,000 across the three (3) companies; e.g. $10,000 in Company 1, $10,000 in Company 2, and $5,000 in Company 3. You decide the amount you are investing in each company. You do not have to provide any analysis to justify your decisions. You must only provide some reason for picking that company. For example, you might invest in WalMart because that company gets a lot of your money and you hear that WalMart is doing well, and will continue to do well.

WALMART: $8,000 I shop here almost every day and I like the cost of the products

AT&T: $6,000 I like their product, as well as the service is perfect for me and my husband.

COSTCO: $11,000 - I am a frequent shopper because I like the variety of brand names they carry

Indicate the number of shares you are buying, and the price of the shares you are buying for each company: Once you decide the companies and the amount for each company, determine how many shares you can buy. If Company 1 is selling for $42.16, then you may buy $10,000/ $42.16, or 237.19 shares. But you cannot buy a part of a share, so you decide to buy either 237 or 238. In this example you buy 237 shares, at $42.16 per share, investing $9,991.92. You wont be able to buy exactly $10,000, or $5,000, or $25,000, but it will be relatively close.

WALMART: 38.72 a share. Buying 238 shares for a total of 9,215.36

AT&T: 32.88 a share. Buying 165 shares at 5,458.08

COSTCO: 72.64 a share. Buying 142 shares for a total of 10,314.88

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Canadian Multinationals And International Finance

Authors: Gregory P. Marchildon, Duncan McDowall

1st Edition

0714634816, 978-0714634814

More Books

Students also viewed these Finance questions

Question

Provide several definitions of risk perception and risk tolerance.

Answered: 1 week ago