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Use the table for the question(s)below.
Consider the following covariances between securities:
-What is the variance on a portfolio that has $3000 invested in Duke Energy,$4000 invested in Microsoft,and $3000 invested in Wal-Mart stock?
Equity Securities
Financial instruments that represent ownership interest in a company, such as stocks.
Debt Securities
Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.
Model Business Corporation Act
A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.
Shares
Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.
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