Question
Suppose the market consists only of Ford (F) and Morgan Stanley (MS) stocks. Ford has 2.5 billion shares outstanding while Morgan Stanley has 600 million
Suppose the market consists only of Ford (F) and Morgan Stanley (MS) stocks. Ford has 2.5 billion shares outstanding while Morgan Stanley has 600 million shares outstanding and a market capitalization of $35 billion. Assume that you hold the market portfolio.
If you hold 1,100 shares of Ford, then the number of shares of Morgan Stanley that you hold is closest to:
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
