You have $20,000 to invest. You want to purchase shares of Alaska Air at $43.56,

Question

You have $20,000 to invest. You want to purchase shares of Alaska Air at $43.56, Best Buy at $52.42, and Ford Motor at $9.06. How many shares of each company should you purchase so that your portfolio consists of 40 percent Alaska Air, 20 percent Best Buy, and 40 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the nearest whole number.)

You have $20,000 to invest. You want to purchase shares of Alaska Air at $43.56, Best Buy at $52.42, and Ford Motor at $9.06. How many shares of each company should you purchase so that your portfolio consists of 40 percent Alaska Air, 20 percent Best Buy, and 40 percent Ford Motor? (Do not round intermediate calculations and round your final answers to the nearest whole number.)

Explanation / Answer

Alaska Air = 40% * 20000 = 8000 = 8000 / 43.56 = 184 shares

Best buy = 20% * 20000 = 4000 = 4000 / 52.42 = 76 shares

Ford Motor = 40% * 20000 = 8000 = 8000 / 9.06 = 883 shares

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