A stock market comprises 4600 shares of stock A and 1000 shares of stock B. Assume the share prices for stocks A and B are $20 and $40, respectively. If you have $15,000 to invest and you want to hold the market portfolio, how much of your money will you invest in Stock A? A. $12,545.46 B. $10,454.55 C. $4,545.45 O D. $6,272.73

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A stock market comprises 4600 shares of stock A and 1000 shares of stock B. Assume the share prices for stocks A
and B are $20 and $40, respectively. If you have $15,000 to invest and you want to hold the market portfolio, how
much of your money will you invest in Stock A?
A. $12,545.46
B. $10,454.55
C. $4,545.45
O D. $6,272.73
Transcribed Image Text:A stock market comprises 4600 shares of stock A and 1000 shares of stock B. Assume the share prices for stocks A and B are $20 and $40, respectively. If you have $15,000 to invest and you want to hold the market portfolio, how much of your money will you invest in Stock A? A. $12,545.46 B. $10,454.55 C. $4,545.45 O D. $6,272.73
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