A certain portfolio consisted of \(5\) stocks, priced at \(\$20, \$35, \$40, \$45\) and \(\$70,\) respectively. On a

This topic has expert replies
Legendary Member
Posts: 2898
Joined: Thu Sep 07, 2017 2:49 pm
Thanked: 6 times
Followed by:5 members

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

A certain portfolio consisted of \(5\) stocks, priced at \(\$20, \$35, \$40, \$45\) and \(\$70,\) respectively. On a given day, the price of one stock increased by \(15\%,\) while the price of another decreased by \(35\%\) and the prices of the remaining three remained constant. If the average price of a stock in the portfolio rose by approximately \(2\%,\) which of the following could be the prices of the shares that remained constant?

A. \(20, 35, 70\)
B. \(20, 45, 70\)
C. \(20, 35, 40\)
D. \(35, 40, 70\)
E. \(35, 40, 45\)

Answer: E

Source: Veritas Prep
Source: — Problem Solving |