Use Worksheet 11.2 to help Clayton and Julie Grover, a married couple in their early 40s, evaluate their securities portfolio, which includes these holdings.
a. IBM. (NYSE; symbol IBM): 100 shares bought in 2011 for $170.40 per share.
b. Verizon (NYSE; symbol VZ): 250 shares purchased in 2007 for $40.62 per share.
c. Procter& Gamble (NYSE; symbol PG): 150 shares purchased in 2010 at $61.85 per share.
d. Google (NASDAQ; symbol, GOOG): 200 shares purchased in 2014 at $519.98 per share.
e. The Grover's also have $8,000 in a bank savings account that pays 1.25 percent annual interest.
1. Based on the latest quotes obtained from the Internet, complete Worksheet 11.2.
2. What's the total amount the Grover's have invested in these securities, the annual income they now receive, and the latest market value of their investments?