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You are considering how to invest part of your retirement savings. You have decided to put $500,000 into three stocks: 62% 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: 62% of the money in GoldFinger (currently \$27ishare), 9% of the money in Moosobead (currently $80 Vshare), and the fomainder in Vanture Associates (currently $1/ share) Suppose Golofinger stock goes up 10 \$34/share, Moosehead stock drops to \$60/share, and Venture Associates stock rises to $14 per share. a. What is the new value of the portbolio? b. What return did the portolio oam? c. If you don' buy or sel any shares after the price change, what are your new portiolio weights? a. What is the new value of the portlolio? The new value of the portfolio is 5 (Round to the nearest doliar.)
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