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You have a portfolio that consists of equity ownership in three firms
You have a portfolio that consists of equity ownership in three firms.You own 450 shares of Stout Drink Company (SDC), 750 shares of Carbon Computing (CC) and 400 shares of Serrano Foods (SF). Their current share prices are $84, $42, and $144, respectively. What is the percentage weight of SF in your portfolio? (Allow two decimals in the percentage but do not enter the % sign.)
Expert Solution
Answer:
Percentage weight of SF in your portfolio = 45.39%
(Eliminate the % sign while entering your answer, I am doing it here for clear explanation.)
Step-by-step explanation
Portfolio:
Stout Drink Company (SDC) = 450 shares * $84 = $37,800
Carbon Computing (CC) = 750 shares * $42 = $31,500
Serrano Foods (SF) = 400 shares * $144 = $57,600
Total value of Portfolio = $126,900
Percentage weight of SF in your portfolio = Value if SF / Total Value of portfolio
= $57,600 / $126,900
= 0.4539 or 45.39%
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