Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Solution:
Step 1:
Calculate the total value of stock X
[tex]\begin{gathered} =5000\times\text{ \$}4.10 \\ =\text{ \$}20,500 \end{gathered}[/tex]Step 2:
Calculate the total value for Stock Y
[tex]\begin{gathered} =2000\times4.5 \\ =\text{ \$}9000 \end{gathered}[/tex]Step 3:
Calculate the total value for stock Z
[tex]\begin{gathered} =4000\times\text{ \$}3.60 \\ =\text{ \$}14,400 \end{gathered}[/tex]Step 4:
Calculate the total value of the shares but without the increase yet
[tex]\begin{gathered} 20,500+9000+14,400 \\ =\text{ \$}43,900 \end{gathered}[/tex]Step 5:
Calculate the increase in the simple index
[tex]\begin{gathered} =\frac{3.4}{100}\times43900 \\ =\text{ \$}1,492.60 \end{gathered}[/tex]Step 6:
Add the increase in the simple index to the total value of the shares
[tex]\begin{gathered} 43,900+1,492.60 \\ =\text{ \$}45,392.60 \\ \approx\text{ \$}45,400 \end{gathered}[/tex]Hence,
The final answer is
[tex]\Rightarrow\text{\$}45,400[/tex]OPTION C is the right answer
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
