10
QuizMultiple Choice

Building a Portfolio — Quiz

Question 10 • Financial Math

Dante's portfolio: Start date: April 1, 2023 Fixed investment: $⁢10,000 in a corporate bond with a fixed annual return of 4% over one year Variable investment: 150 shares of Stock B, purchased at $⁢60 per share, now valued at $⁢58 per share after one year On April 1, 2024, what is the current value of Dante's portfolio?

Answer
A
19 dollars comma 100
B
10 dollars comma 400
C
8 dollars comma 700
D
19 dollars comma 000

Explanation

After one year, the bond is worth $10,000 × 1.04 = $10,400. The 150 shares are worth 150 × $58 = $8,700 at the current stock price. Adding the investments gives a portfolio value of $10,400 + $8,700 = $19,100, which is choice A, $19,100.

AI-written and checked against the verified answer.

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