Alexis's portfolio of shares comprised of investments of $8,600 in the telecommunications industry and $12,800 in...
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Alexis's portfolio of shares comprised of investments of $8,600 in the telecommunications industry and $12,800 in the information technology industry. The market price of his telecommunications shares decreased by 45% and that of information technology increased by 65%. a. Calculate the total market value of his investments after the changes. Round to the nearest cent b. By what percent did the total market value of his investments change? % Express the answer with a positive sign for an increase or negative sign for a decrease, rounded to two decimal places Alexis's portfolio of shares comprised of investments of $8,600 in the telecommunications industry and $12,800 in the information technology industry. The market price of his telecommunications shares decreased by 45% and that of information technology increased by 65%. a. Calculate the total market value of his investments after the changes. Round to the nearest cent b. By what percent did the total market value of his investments change? % Express the answer with a positive sign for an increase or negative sign for a decrease, rounded to two decimal places
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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