FINANCE-Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT)
Question # 00124572
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Updated on: 10/26/2015 02:31 PM Due on: 11/25/2015
Multiple Choice Question:
Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT) at $50 per share, 200 shares of Lowes (LOW) at $30 per share, and 100 shares of Ball Corporation (BLL) at $40 per share. Over the next year Ball has a return of 12.5%, Lowes has a return of 20%, and Abbott Labs has a return of -10%. The return on your portfolio over the year is:
Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT) at $50 per share, 200 shares of Lowes (LOW) at $30 per share, and 100 shares of Ball Corporation (BLL) at $40 per share. Over the next year Ball has a return of 12.5%, Lowes has a return of 20%, and Abbott Labs has a return of -10%. The return on your portfolio over the year is:
| A. 5.0% |
| B. 7.5% |
| C. 0% |
| D. 3.5% |
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Solution: FINANCE-Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT)