Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley

Exercise 2

Use Worksheet 11.2 to help Sophia and Rick Heinz, a married couple in their early 30s, evaluate their securities portfolio, which includes these holdings.
a. IBM. (NYSE; symbol IBM): 100 shares bought in August 2005 for $83.36 per share.
b. Verizon (NYSE; symbol VZ): 250 shares purchased in June 1998 for $91.75 per share. (The stock had a 2-for-1 split later in 1998, so the Heinzs now own 500 shares of Verizon.)c. Procter Gamble (NYSE; symbol PG): 150 shares purchased in 2003 at $88.08 per share. (The stock had a2-for-1 split In 2004, so the Heinzs now own 300 shares of Procter Gamble.)d. Google (NASDAQ; symbol, GOOG): 200 shares purchased in 2010 at $607.833 per share.
e. The Heinzs also have $8,000 in a bank savings account that pays 1.05 percent annual interest.
1. Based on the latest quotes obtained from the Web, complete Worksheet 11.2.
2. What's the total amount the Heinzs have invested in these securities, the annual income they now receive, and the latest market value of their investments