Suppose You Invest $20,000 by Purchasing 200 Shares of Abbott

question 99

Multiple Choice

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 12.3%, Lowes has a return of 23%, and Abbott Labs has a return of -10%. The value of your portfolio over the year is ________.

• A) $21,916
• B) $19,828
• C) $20,872
• D) $22,959

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