Homework Answers
Amount to be invested in Alaska Air = Value of investment * Weight of Alaska Air in the portfolio
= $27,000 * 0.30 = $8,100
No. of shares of Alaska Air to be purchased in the portfolio = Amount to be invested in Alaska Air / Share Price of Alaska Air = $8,100 / $44.26 = 183 shares
Amount to be invested in Best Buy = Value of investment * Weight of Best Buy in the portfolio
= $27,000 * 0.50 = $13,500
No. of shares of Best Buy to be purchased in the portfolio =
Amount to be invested in Best Buy / Share Price of Best Buy =
$13,500 / $53.12 = 254 shares
Amount to be invested in Ford Motor = Value of investment * Weight of Ford Motor in the portfolio
= $27,000 * 0.20 = $5,400
No. of shares of Ford Motor to be purchased in the portfolio = Amount to be invested in Ford Motor / Share Price of Ford Motor = $5,400 / $9.41 = 574 shares
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