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Problem:

You are considering how to invest part of your retirement savings. You have decided to put $600,000 into three stocks: 54% of the money in GoldFinger (currently $22/share), 13% of the money in Moosehead (currently $86/share), and the remainder in Venture Associates (currently $9/share). If GoldFinger stock goes up to $37/share, Moosehead stock drops to $53/share, and Venture Associates stock rises to $20 per share,

Required:

Question 1: What is the new value of the portfolio?

Question 2: What return did the portfolio earn?

Question 3: If you don't buy or sell shares after the price change, what are your new portfolio weights?

Note: Solve the given numerical problem and illustrate step by step calculation.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91173690

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