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Two portfolios were constructed, one consisting of equity shares and the other consisting of debentures. The value of equity shares, at the time of

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Two portfolios were constructed, one consisting of equity shares and the other consisting of debentures. The value of equity shares, at the time of constructing the portfolio was Ksh. 120,000/- (at the rate of Ksh.200/- per share) and that of debentures was Ksh. 80,000/-.The investor opts to use constant value plan and fixes a revision point of 15%. The share prices show fluctuations at periodical intervals as under. Period 1 23456 Share price (Ksh.) 200 (at the start i.e., at the time of constructing the portfolio) 180 170 150 160 190 Required: Explain the portfolio revision pattern of the investor.(15 marks)

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