You have $25,000 to invest. You want to purchase shares of Xerox at $17.84, Qwes

Question

You have $25,000 to invest. You want to purchase shares of Xerox at $17.84, Qwest at $8.65, and Liz Claiborne at $45.23. How many shares of each company should you purchase so that your portfolio consists of 20 percent Xerox, 30 percent Qwest, and 50 percent Liz Claiborne? (Do not round intermediate calculations and round your final answers to the nearest whole number.)

What is Xerox Qwest and LizC shares so 3 answers

for example XEROX I am getting

20%*25000= 5000, then I do 5000 * 17.84 = 89,200 then im dividing it by 719,450(total of all 3 companies) it saying .123 is wrong for XEROX

Explanation / Answer

Portfolio Amount Stock Proportion Individual Amount Stock Price # shares Rounded off a b c = a*b d e = c/d # shares $25,000.00 Xerox 20% $5,000.00 $17.84 280.2691 280 $25,000.00 Qwest 30% $7,500.00 $8.65 867.0520 867 $25,000.00 Liz Claiborne 50% $12,500.00 $45.23 276.3652 276

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