Account is a domestic growth portfolio. The current holdings are primarily US exchange-traded stocks and bonds. To
Question:
Account is a domestic growth portfolio. The current holdings are primarily US exchange-traded stocks and bonds. To remain in compliance, the total portfolio may only invest up to a maximum of 5% in any one specific stock or bond issuer. This restriction is cumulative; meaning different securities issued by the same issuer must be added together when calculating the 5% limit.
The client has also specified that the account may not invest more that 15% of its assets in non-US dollar denominated securities. The current market values are as follows:
Time Warner Inc. Common Stock $4,225,500
Walt Disney Corp. Common Stock $1,283,150
General Motors Corp. FRN 3/3/2018 $904,000
Chrysler FRN 8/2/2018 $186,100
Ford Motor Corp. MTN 3/27/2018 $401,000
Walmart Common Stock $315,000
Deutsche Bank AG 6% 04/20/2018 $1,556,350
Chrysler 10.95% 4/22/2018 $128,900
Total Portfolio Value:
Question 2:
What percentage of the account is currently invested in securities issued by Chrysler Corpora
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill