You have just received $100,000 from me as a grant for an experiment. I want you to create a stock portfolio worth $100,000, i.e. 'buy' stocks worth $100,000. This is how you can 'buy' a stock in this experiment. Suppose you want to buy 100 stocks of Apple. Look up its symbol (Appl), and its closing price (Suppose that it was $164.57). Now multiply 100 by $164.57. You just spent $16,457.00 on this stock. Pick another stock and repeat until you have spent all the money. Create a table as shown here. Name of the Stock Symbol Price on x/x/2022 No. of stock purchased Amount spent APPLE AAPL $164.57 100 $16,457 You can only hold 'stocks' in your portfolio (no commodities such as gold, or bonds). Purchase your entire portfolio of stocks on one specific day. Suppose you want to buy them tomorrow. Look up the stock prices in the evening when the market closes. You can use the Internet for your research. (Keep a copy of your portfolio handy. You will need it at the end of the semester, when you will be asked to sell it) There are many Internet websites that allow you to put up a portfolio and monitor it, or change it for free. If you prefer, you can use such a website to set up your own portfolio. This way you will be able to see your gains and losses and when the time comes to sell your portfolio at the end of this semester, you can do so with ease. This is just an option, it is not required. In addition to posting a table similar to the above with all the stocks you purchased, give a rationale as to why you purchased each of those stocks. It could be as simple as " My friend recommended it," or "I use this product," to "I have researched this stock and believe it will increase in value in the short run." etc. (Your portfolio should have at least three, and at most 10, kind of stocks, (e.g. Pfizer, IBM, Tesla, are three kind of stocks). You can change the mix of stocks only twice i.e. you can buy or sell your existing stocks only 2 times. Keep a record of your sale. You will sell your entire portfolio in the last week of classes. The objective of this portfolio is to maximize short-term gain. The person who makes the most money by the end of this semester will be a winner! In short: 1. Buy stocks (maximum 10) 2. Explain why you bought them.