Basic Biomechanics
Basic Biomechanics
7th Edition
ISBN: 9780073522760
Author: Susan J Hall
Publisher: McGraw-Hill Education
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Chapter 1, Problem 4AP

Wendell invests $10,000 in a stock portfolio made up of Petroleum Special at $30 per share, Newshoe at $12 per share, and Beans & Sprouts at $2.50 per share. He places 60% of the money in P.S., 30% in N, and 10% in B & S. With market values changing (P.S. down $3.12, N up 80%, and B & S up $0.20), what is his portfolio worth six months later? (Answer: $11,856)

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