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
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
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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