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EpiscoWhat EpiscoWhat
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5 years ago
Suppose that you have invested $30,000 in the market portfolio.  Then the number of shares of Rearden Metal that you hold is closest to:
A) 450 shares
B) 700 shares
C) 1400 shares
D) 2300 shares
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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anicidanicid
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5 years ago
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More solutions for this book are available here
B
Explanation:  B) 
Calculations          B × C    D/1950
Stock   Price per
Share   Number of Shares
Outstanding
(Millions)   Market
Cap   Weight
Taggart Transcontinental   $15.60   25   $390.00   0.2
Rearden Metal   $13.00   45   $585.00   0.3
Wyatt Oil   $29.25   10   $292.50   0.15
Nielson Motors   $26.25   26   $682.50   0.35
Total         $1950.00   

SharesRM =   =   = 692.31 shares
This verified answer contains over 130 words.
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EpiscoWhat Author
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5 years ago
Brilliant ツ
Fanmkreyol
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Yesterday
Helped a lot
mmmm_dat_userna
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2 hours ago
Thank you, thank you, thank you!
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