You have $16,000 to invest. You want to purchase shares of Alaska Air at $43.16, Best Buy at $5202, and Ford Motor at $8.86. How many shares of each company should you purchase so that your portfolio consists of 40 percent Alaska Air, 30 percent Best Buy, and 30 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the neerest whole number.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Problem 9-29 Portfolio Weights (LG9-7)
You have $16,000 to invest. You want to purchase shares of Alaska Air at $43.16, Best Buy at $52.02, and Ford Motor at $8.86. How
many shares of each company should you purchase so that your portfolio consists of 40 percent Alaska Air, 30 percent Best Buy, and
30 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the nearest whole number.)
shares
shares
Alaska Air
Best Buy
Ford Motor
shares
Transcribed Image Text:Problem 9-29 Portfolio Weights (LG9-7) You have $16,000 to invest. You want to purchase shares of Alaska Air at $43.16, Best Buy at $52.02, and Ford Motor at $8.86. How many shares of each company should you purchase so that your portfolio consists of 40 percent Alaska Air, 30 percent Best Buy, and 30 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the nearest whole number.) shares shares Alaska Air Best Buy Ford Motor shares
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