Alexis's portfolio of shares comprised of investments of $8,600 in the telecommunications industry and $12,800 in the information technology industry. The market price of his telecommunications shares decreased by 45% and that of information technology increased by 65%. a. Calculate the total market value of his investments after the changes. Round to the nearest cent b. By what percent did the total market value of his investments change? % Express the answer with a positive sign for an increase or negative sign for a decrease, rounded to two decimal places

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Alexis's portfolio of shares comprised of investments of $8,600 in the
telecommunications industry and $12,800 in the information technology industry. The
market price of his telecommunications shares decreased by 45% and that of
information technology increased by 65%.
a. Calculate the total market value of his investments after the changes.
Round to the nearest cent
b. By what percent did the total market value of his investments change?
%
Express the answer with a positive sign for an increase or negative sign for a decrease, rounded to two decimal
places
Transcribed Image Text:Alexis's portfolio of shares comprised of investments of $8,600 in the telecommunications industry and $12,800 in the information technology industry. The market price of his telecommunications shares decreased by 45% and that of information technology increased by 65%. a. Calculate the total market value of his investments after the changes. Round to the nearest cent b. By what percent did the total market value of his investments change? % Express the answer with a positive sign for an increase or negative sign for a decrease, rounded to two decimal places
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