FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you invest in 220 shares of Johnson and Johnson (JNJ) at $70 per share and 240 shares of Yahoo (YHOO) at $20 per share.

Suppose you invest in 220 shares of Johnson and Johnson (JNJ) at $70 per share and 240 shares of Yahoo (YHOO) at $20 per share. If the price of Johnson and Johnson increases to $80 and the price of Yahoo decreases to $18 per share, what is the return on your portfolio?

A) 12.77%

B) 8.51%

C) 9.37%

D) 10.22%

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

Money And Capital Markets

Money And Capital Markets

Authors: Peter Rose, Milton Marquis

10th Edition

0077235800, 9780077235802

More Books

Students also viewed these Finance questions

Question

★★★★★
The projected cash flows for two mutually exclusive projects are as follows: If the firm's capital is 10% and the equivalent annual annuity method is used to eliminate the disparity between the...

Answered: 1 week ago

Question

★★★★★
MATLAB fill the spaces 1,2 and 3 please Given a vector v of positive numbers of size x, then the given function should find the maximum value in v: function i = }(x) i = v(1) for a = 1: --------- if...

Answered: 1 week ago

Question

★★★★★
Determine Cov[X(t), X(t + s)] when {X(t), t 0} is a compound Poisson process?

Answered: 1 week ago

Question

★★★★★
Randall Corporation plans to borrow $233,000 for one year at 20 percent from the Waco State Bank. There is a 21 percent compensating balance requirement. Randall Corporation keeps minimum transaction...

Answered: 1 week ago

Question

★★★★★
Setting Price and Quantity to Achieve a Desired Profit Assignment Shelbourne Physical Therapy provides physical therapy sessions to help individuals recover from injuries, reduce pain and improve...

Answered: 1 week ago

Question

★★★★★
Which of the following describes virtual teams? Select one: O a. groups of employees who are almost (virtually) identical to each other in skills and values O b. cross-functional groups of employees...

Answered: 1 week ago

Question

★★★★★
Question 4. Fashion Extended bought some inventory from Calvin Klein in 2020 for $540,000 on credit terms and paid for the inventory in 2021. In 2021 Fashion Extended sold $315,200 of the inventory...

Answered: 1 week ago

Question

★★★★★
.80 80 Create the part shown in the orthographic multi-view drawing. Verify that you have the mass correct, then input the SURFACE AREA below. Units: IPS Part Origin: Arbitrary Material: ABS Mass:...

Answered: 1 week ago

Question

★★★★★
Keiras Kar Company purchases a Machine and incurs the following costs: Purchase Price $250,000 Sales Tax $5,000 Installation Cost $1,500 Electricity Costs for the Year $2,000 Deliver Costs $500...

Answered: 1 week ago

Question

★★★★★
Tommy Lee is recovering from a drug addiction problem. His employer has offered him services to help him with the recovery process. What is this service an example of ? a . an outplacement service b...

Answered: 1 week ago

Question

★★★★★
Absorption vs. variable costing Reese's Tot Toy Boxes uses variable costing to manage its internal operations. The following data relate to the company's first year of operation, when 30,000 units...

Answered: 1 week ago

Question

★★★★★
According to the text, change can take one of two forms: incremental or discontinuous. In your opinion, are the changes pursued by Elon Musk incremental, discontinuous, or both? Explain your answer.

Answered: 1 week ago

Question

★★★★★
Based on your reading from the text on the concept of organizational culture, in your opinion, what type of culture would you expect to find in any of Mr. Musks companies, be it Tesla, SpaceX, or...

Answered: 1 week ago

Question

★★★★★
Nick Woodman seems to be facing a management challenge. What is (are) the nature of the (those) challenge(s)?

Answered: 1 week ago

Previous Question Next Question