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EpiscoWhat EpiscoWhat
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6 years ago
Suppose that you are holding a market portfolio and you have invested $18,000 in Taggart Transcontinental.  The number of shares of Rearden Metal that you hold is closest to:
A) 780 shares
B) 925 shares
C) 1730 shares
D) 2075 shares
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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#1
6 years ago
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   

  =   = 2076.92 shares
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