Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are considering how to invest part of your ret

You are considering how to invest part of your retirement savings. You have decided to...

90.2K

Verified Solution

Question

Finance

You are considering how to invest part of your retirement savings. You have decided to put

$300,000

into three stocks:

52%

of the money in GoldFinger (currently

$23/share),

14%

of the money in Moosehead (currently

$98/share),

and the remainder in Venture Associates (currently

$6/share).

Suppose GoldFinger stock goes up to

$34/share,

Moosehead stock drops to

$50/share,

and Venture Associates stock

rises

to

$18

per share.

a. What is the new value of the portfolio?

b. What return did the portfolio earn?

c. If you don't buy or sell any shares after the price change, what are your new portfolio weights?

a. What is the new value of the portfolio?

The new value of the portfolio is

$nothing.

(Round to the nearest dollar.)

b. What return did the portfolio earn?

The portfolio earned a return of

nothing%.

(Round to two decimal places.)

c. If you don't buy or sell any shares after the price change, what are your new portfolio weights?

The weight of Goldfinger is now

nothing%.

(Round to two decimal places.)The weight of Moosehead is now

nothing%.

(Round to two decimal places.) The weight of Venture is now

nothing%.

(Round to two decimal places.)

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

How does Boyle's law explain the mechanisms of ventilation (i.e. inpspiration vs. expiration, pressure differences, etc.)?

General Management
1.2K views

What are the stages of a Microsoft's life cycle? How can a Microsoft's life cycle be...

Advance Math
1.2K views

June Watson is contributing ?$3,500 each year to a Roth IRA. The IRA earns 3.3% per...

Physics
1.2K views

Camille takes her pocket calculator out of her book bag as she gets ready to...

Physics
1.2K views

According to Coulomb s law if the charge on each one of a pair of...

Physics
1.2K views

5 Calculate the minimum thickness of glass plate which appear dark in reflected light for...

Algebra
1.2K views

A sample of 373 people is selected The people are classified according to place of...

Algebra
1.2K views

5 Suppose that x 13 is a point in Quadrant II lying on the unit...

Accounting
1.2K views

The following data were accumulated for use in reconciling the bank account of Creative Design...

Accounting
1.2K views

Select a small firm such as a florist shop, building contractor, super market, tooling workshop,...

Accounting
1.2K views

El 15 de junio, Kersee Company vendi mercadera a cuenta a Eng Co. por $1,000,...

Accounting
1.2K views

net opereting income Required information The following information applies...