Solved

You Have $45,050 to Invest

Question 64

Multiple Choice

You have $45,050 to invest. You want to purchase shares of Company A at $10.25, Company B at $15.10, and Company F at $9.05. How many shares of each company should you purchase so that your portfolio consists of 30 percent Company A, 50 percent Company B, and 20 percent Company F? Report only whole stock shares.


A) Company A = 30 shares, Company B = 50 shares, Company F = 20 shares
B) Company A = 44 shares, Company B = 30 shares, Company F = 50 shares
C) Company A = 308 shares, Company B = 755 shares, Company F = 181 shares
D) Company A = 1,318 shares, Company B = 1,491 shares, Company F = 995 shares

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions