Sherlock Invested a $100,000 Reward for Making Sure an Embezzler

question 11

Essay

Sherlock invested a $100,000 reward for making sure an embezzler was caught and sent to prison into various types of investments.He invested 20% in corporate bonds,25% in income stocks,15% in growth stocks,10% in penny stocks,and the remainder in a 10-year certificate of deposit.During the next year,the corporate bonds earned 7%,the income stocks earned 13%,the growth stocks earned 21%,the penny stocks lost 67%,and the CD earned 2%.At the end of the year,what percent change did Sherlock see in his portfolio?

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Definitions:

Corporate Creation

The process of legally forming a corporation, which involves filing the appropriate documents with governmental authorities and meeting certain legal requirements.

Promoters

Individuals or entities that initiate the establishment of a company, often by arranging for its incorporation, financing, and registration.

Necessary Capital

The minimum amount of financial resources required for a business to start, maintain its operations, or expand.

Corporation by Estoppel

Corporation by estoppel is a legal doctrine preventing an individual from denying a group's status as a corporation if they have treated it as such in their dealings.