In March 2002 Cisco (CSCO) stock rose from $18 to $19, and America Online-Time Warner (AOL) dropped from $34 to $33. If you invested a total of $12,000 in these stocks at the beginning of March and sold them for $11,800 at the end of March, how many shares of each stock did you buy ?
A)200 shares of Cisco and 200 shares of America Online-Time Warner
B) 159 shares of Cisco and 300 shares of America Online-Time Warner
C) 100 shares of Cisco and 300 shares of America Online-Time Warner
D) 300 shares of Cisco and 100 shares of America Online-Time Warner
E) 80 shares of Cisco and 310 shares of America Online-Time Warner

Question

In March 2002 Cisco (CSCO) stock rose from $18 to $19, and America Online-Time Warner (AOL) dropped from $34 to $33. If you invested a total of $12,000 in these stocks at the beginning of March and sold them for $11,800 at the end of March, how many shares of each stock did you buy  ?
A)200 shares of Cisco and 200 shares of America Online-Time Warner
B) 159 shares of Cisco and 300 shares of America Online-Time Warner
C) 100 shares of Cisco and 300 shares of America Online-Time Warner
D) 300 shares of Cisco and 100 shares of America Online-Time Warner
E) 80 shares of Cisco and 310 shares of America Online-Time Warner

Quizplus · Accepted Answer

The initial investment in Cisco was $1,800 (100 shares at $18 each) and in AOL was $10,200 (300 shares at $34 each). At the end of March, Cisco shares were worth $1,900 (100 shares at $19 each) and AOL shares were worth $9,900 (300 shares at $33 each), totaling $11,800.

In March 2002 Cisco (CSCO) Stock Rose from $18 to $19