Question
You are considering how to invest part of your retirement savings. You have decided to put $500,000 into three stocks: 61% of the money in
You are considering how to invest part of your retirement savings. You have decided to put $500,000 into three stocks: 61% of the money in GoldFinger (currently $25/share),13% of the money in Moosehead (currently $95/share), and the remainder in Venture Associates (currently $6/share). Suppose GoldFinger stock goes up to $39/share, Moosehead stock drops to $50/share, and Venture Associates stock rises to $20 per share.
a. What is the new value of the portfolio?
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Essentials Of Statistics
Authors: Mario F Triola
6th Edition
0134687159, 9780134687155
