Table 8.2
You are going to invest $20,000 in a portfolio consisting of assets X, Y, and Z, as follows:
-Nico owns 100 shares of stock X which has a price of $12 per share and 200 shares of stock Y which has a price of $3 per share. What is the proportion of Nico's portfolio invested in stock X?
A) 77%
B) 67%
C) 50%
D) 33%

Question

Table 8.2
You are going to invest $20,000 in a portfolio consisting of assets X, Y, and Z, as follows: 
-Nico owns 100 shares of stock X which has a price of $12 per share and 200 shares of stock Y which has a price of $3 per share. What is the proportion of Nico's portfolio invested in stock X?
A) 77% 
B) 67% 
C) 50% 
D) 33%

Quizplus · Accepted Answer

The total value of Nico's investment in stock X is $12 x 100 = $1200. 
The total value of Nico's investment in stock Y is $3 x 200 = $600. 
The proportion of Nico's portfolio invested in stock X is ($1200/$1800) x 100 = 67%. 
Therefore, the best choice is B.

Table 8.2 You Are Going to Invest $20,000 in a Portfolio Consisting