In: Finance
You purchase 43 shares of General Motors stock at $35.9 per share. Additionally, you purchase 23 shares of Ford for $112.5 and 48 shares of Fiat for $131.8 each. What is your portfolio weight for GM?
(Enter your response as a percentage with two decimal places, ex: 12.34)
Ans 14.76%
Stock | Shares (i) | Price (ii) | Total Amount (i)* (ii) |
General Motors | 43.00 | 35.90 | 1,543.70 |
Ford | 23.00 | 112.50 | 2,587.50 |
Fiat | 48.00 | 131.80 | 6,326.40 |
Total | 10,457.60 | ||
portfolio weight for GM = | Investment in GM / Total Investment * 100 | ||
1543.70 / 10457.60 * 100 | |||
14.76% |