Question

You purchase 18 shares of Apple stock at $36.9 per share. Additionally, you purchase 32 shares...

You purchase 18 shares of Apple stock at $36.9 per share. Additionally, you purchase 32 shares of Amazon for $77.8 and 46 shares of Ford for $111.6 each. What is your portfolio weight for Apple? (Enter your response as a percentage with two decimal places, ex: 12.34)

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Answer #1

Portfolio weight for Apple is 8.01%

Investment of :
Apple stock 18 * $         36.9 = $     664.20
Amazon 32 * $         77.8 = $ 2,489.60
Ford 46 * $       111.6 = $ 5,133.60
Total $ 8,287.40
So,
Weight of:
Apple stock $     664.20 / $ 8,287.40 = 8.01%
Amazon $ 2,489.60 / $ 8,287.40 = 30.04%
Ford $ 5,133.60 / $ 8,287.40 = 61.94%
Total 100.00%
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