Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. at the beginning of the month, you owned $7,000 of

At the beginning of the month, you owned $7,000 of News Corp, $5,000 of First Data,...

Free

60.1K

Verified Solution

Question

Finance

At the beginning of the month, you owned $7,000 of News Corp,$5,000 of First Data, and $8,000 of Whirlpool. The monthly returnsfor News Corp, First Data, and Whirlpool were 8.70 percent, ?2.66percent, and 10.83 percent. What’s your portfolio return?(Do not round intermediate calculations. Round your answerto 2 decimal places.)

Answer & Explanation Solved by verified expert
4.3 Ratings (501 Votes)

Ans $ 1342.40

Stock INVESTMENT (i) Return (ii) Investment* Return (i)* (ii)
News Corp                   7,000 8.70%                                     609.00
First Data                   5,000 -2.66%                                    (133.00)
Whirlpool                   8,000 10.83%                                     866.40
Total                 20,000                                  1,342.40

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

At the beginning of the month, you owned $7,000 of News Corp,$5,000 of First Data, and $8,000 of Whirlpool. The monthly returnsfor News Corp, First Data, and Whirlpool were 8.70 percent, ?2.66percent, and 10.83 percent. What’s your portfolio return?(Do not round intermediate calculations. Round your answerto 2 decimal places.)

Other questions asked by students

Q

The three most popular options on a certain type of new car are a built...

Statistics
Q

5 In an experiment on photoelectric effect the stopping potential is measured for monochromatic light...

Physics
Q

What is the surface area of the triangular prism 3 cm 4 cm 4 cm...

Geometry
Q

Complete the following steps for the given function interval and value of n a Sketch...

Calculus
Q

Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2013, that pay interest semiannually...

Accounting
Q

Question 14 Which of the following independent transactions would not result in a capital gains...

Accounting
Q

4 grams of musk oil are required for each bottle of mink caress a very...

Accounting
Q

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...

Accounting
Q

A qualified physician, who is an investigator or sub-investigator for the trial, should be responsible...

Accounting
Q

A company reports the following for one of its products. Direct materials standard ( 3...

Accounting
Q

Activity: Analyze the Sarbanes Oxley Act of 2002 In a six eight-page, analyze the...

Accounting
Q

37. How often must employers deposit federal payroll taxes with the IRS? a)....

Accounting