Question
Suppose the market consists only of Merck (MRK) and Boeing (BA). Merck stock is trading for $36.70 per share with 2.11 billion shares outstanding while
Suppose the market consists only of Merck (MRK) and Boeing (BA). Merck stock is trading for $36.70 per share with 2.11 billion shares outstanding while Boeing has 697.5 million shares outstanding and a market capitalization of $38.223 billion. Assume that you hold the market portfolio.
If you hold 1000 shares of Merck, then the number of shares of Boeing that you hold is closest to:
- A. 330 shares.
- B. 240 shares.
- C. 780 shares.
- D. 510 shares.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
