Use the Information for the Question(s)below

question 59

Multiple Choice

Use the information for the question(s) below.
Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT) at $50 per share,200 shares of Lowes (LOW) at $30 per share,and 100 shares of Ball Corporation (BLL) at $40 per share.
-Suppose over the next year Ball has a return of 12.5%,Lowes has a return of 20%,and Abbott Labs has a return of -10%.The return on your portfolio over the year is:

• A)0%
• B)7.5%
• C)3.5%
• D)5.0%

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Definitions:

Unenforceable

Describing a contract or agreement that cannot be legally enforced or compelled in a court of law.

Article 2A

A provision within the Uniform Commercial Code that governs the leasing of personal property in the United States.

Leases

Contracts in which one party (the landlord) grants another party (the tenant) the right to use real estate for a specified period in exchange for payment.

UCC

Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.