Andrew Costanzo Has a Stock Portfolio That Contains 24 Shares

Multiple Choice

Andrew Costanzo has a stock portfolio that contains 24 shares of stock A and six shares of stock B.Over the past year, the value of a share of stock A went up to $3.00 and the value of a share of stock B fell to $50.Apply a weighted average approach to produce the current average value per share in Andrew's portfolio.

A) 15.7
B) 12.4
C) 13.8
D) 21.3
E) 14.9