Question

Suppose you invest $30,000 by purchasing 200 shares of Abbott Labs (ABT) at 570 per share, 200 shares of Lowes (LOW) at 550 per share, and 100 shares of Ball Corporation (BLL) at $60 per share. The weight of Lowes in your portfolio is: O A 53 33% OB. 43.33% O c. 23.33% OD 33 33%

Answer 1

Total Value of Respective Shares = Number of Shares * Purchase Price per share

Value of Abbott Labs = (200 Shares * $ 70)

= $ 14,000

Value of Lowes = (200 Shares * $ 50)

= $ 10,000

Value of Ball Corporatio = (100 Shares *$60)

= $ 6,000

Weight of Lowes = Value of Lowes / Total Investment *100

= $ 10,000 / $ 30,000 *100

= 33.33%

Answer = D. 33.33%