11.2. Martin Moreno Takes Stock of His Securities LG6 Martin Moreno is 42 years old, single,...
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11.2. Martin Moreno Takes Stock of His Securities LG6 Martin Moreno is 42 years old, single, and works as a designer for a major architectural firm. He is well paid and has built up a sizable portfolio of investments. He considers himself an aggressive investor and, because he has no dependents to worry about, likes to invest in high-risk/high-return securities. His records show the following information. 1. In 2006, Martin bought 200 shares of eBay (Nasdaq; symbol EBAY) at $29.77 a share. 2. In 2013, he bought 250 shares of Facebook (Nasdaq; symbol FB) at $26.89 a share. 3. 4. 5. In 2008, Martin bought 200 shares of United Technologies Corp. (NYSE; symbol UTX) at $74.92 a share. In early 2009, he bought 450 shares of JPMorgan Chase (NYSE; symbol JPM) at $16 a share. Also in 2009, Martin bought 400 shares of PepsiCo (NYSE; symbol PEP) at $52.50 a share. 6. He has $12,000 in a 1 percent money market mutual fund. Every 3 months or so, Martin prepares a complete, up-to-date report on his investment 11.2. Martin Moreno Takes Stock of His Securities LG6 Martin Moreno is 42 years old, single, and works as a designer for a major architectural firm. He is well paid and has built up a sizable portfolio of investments. He considers himself an aggressive investor and, because he has no dependents to worry about, likes to invest in high-risk/high-return securities. His records show the following information. 1. In 2006, Martin bought 200 shares of eBay (Nasdaq; symbol EBAY) at $29.77 a share. 2. In 2013, he bought 250 shares of Facebook (Nasdaq; symbol FB) at $26.89 a share. 3. 4. 5. In 2008, Martin bought 200 shares of United Technologies Corp. (NYSE; symbol UTX) at $74.92 a share. In early 2009, he bought 450 shares of JPMorgan Chase (NYSE; symbol JPM) at $16 a share. Also in 2009, Martin bought 400 shares of PepsiCo (NYSE; symbol PEP) at $52.50 a share. 6. He has $12,000 in a 1 percent money market mutual fund. Every 3 months or so, Martin prepares a complete, up-to-date report on his investment
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