The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top 10 stocks of the "Dogs of the Dow" list for 2021, based on their performance the preceding year. Symbol Company Price ($) as of 12/31/2020 Yield as of 12/31/2020 CVX Chevron 84.45 6.11% IBM IBM 125.88 5.18% DOW Dow 55.50 5.05% WBA Walgreens 39.88 4.69% VZ Verizon 58.75 4.27% MMM 3M 174.79 3.36% CSCO Cisco 44.39 3.24% MRK Merck 81.80 3.18% AMGN Amgen 229.92 3.06% KO Coca-Cola 54.84 2.99% You decide to make a small portfolio consisting of a collection of 4 of the top 10 Dogs of the Dow. (a) How many portfolios are possible?   portfolios (b) How many of these portfolios contain DOW but not MMM?  portfolios (c) How many of these portfolios contain at most one stock priced above $100?  portfolios

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top 10 stocks of the "Dogs of the Dow" list for 2021, based on their performance the preceding year.
Symbol Company Price ($) as of 12/31/2020 Yield as of 12/31/2020
CVX Chevron 84.45 6.11%
IBM IBM 125.88 5.18%
DOW Dow 55.50 5.05%
WBA Walgreens 39.88 4.69%
VZ Verizon 58.75 4.27%
MMM 3M 174.79 3.36%
CSCO Cisco 44.39 3.24%
MRK Merck 81.80 3.18%
AMGN Amgen 229.92 3.06%
KO Coca-Cola 54.84 2.99%
You decide to make a small portfolio consisting of a collection of 4 of the top 10 Dogs of the Dow.
(a)
How many portfolios are possible?
  portfolios
(b)
How many of these portfolios contain DOW but not MMM?
 portfolios
(c)
How many of these portfolios contain at most one stock priced above $100?
 portfolios
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 12 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON