Question
You buy 1,000 shares IBM stock for $101 and 500 shares of Starbucks stock for $88. IBM stock goes down in value to $86/share, while
You buy 1,000 shares IBM stock for $101 and 500 shares of Starbucks stock for $88. IBM stock goes down in value to $86/share, while Starbucks increases to $99/share. You do not sell or buy any additional shares. What is the return on your portfolio?
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
