Question

Suppose you invest $30,000 by purchasing 200 shares of Abbott Labs (ABT) at $70 per share, 200 shares of Lowes (LOW) at $50 p18.67% A

28% B

37.33% C

46.67% D

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Answer #1

Value of Abott Labs= 200 shares*$70

= $14,000

Value of Lowes= 200 shares*$50

= $10,000

Value of Ball Corporation= 100 shares*$60

= $6,000

Weight of Abott Labs= $14,000/ $30,000

= 0.4667*100

= 46.67%.

Hence, the answer is option d.

In case of any query, kindly comment on the solution.

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18.67% A 28% B 37.33% C 46.67% D Suppose you invest $30,000 by purchasing 200 shares...
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