Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
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
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
