Question

shayuan owns 50 shares of stock a, bought at $70 per - share, and 90 shares of stock b, bought at $60 per share. stock a has appreciated to $75 per share, while stock b has depreciated to $55 per share. what are the initial and current values of shayuans portfolio? initial: $8,900; current: $8,750 initial: $9,000; current: $9,100 initial: $8,900; current: $8,700 initial: $8,800; current: $8,700

Explanation:

Step1: Calculate initial value of Stock A

$50\times70 = 3500$

Step2: Calculate initial value of Stock B

$90\times60=5400$

Step3: Calculate initial portfolio value

$3500 + 5400=8900$

Step4: Calculate current value of Stock A

$50\times75 = 3750$

Step5: Calculate current value of Stock B

$90\times55 = 4950$

Step6: Calculate current portfolio value

$3750+4950 = 8700$

Answer:

Initial: $\$8,900$, current: $\$8,700$