Answer :
Answer:
38?59%
Explanation:
Calculation for the portfolio weight of Stock C
First step is to calculate the Total Value of Stock A to Stock D in the Portfolio using this formula
Total Value of stock A to stock D in Portfolio = Number of Shares * Stock Price
Let plug in the formula
Total Value of stock A to stock D in Portfolio = (A 120 *$32)+ (B 750* $28)+ (C 450* $52) +(D 240* $51)
Total Value of stock A to stock D in Portfolio = A $3,840+ B$21,000+C$23,400+D$12,240
Total Value of stock A to stock D in Portfolio=$60,480
Last step is to calculate the portfolio weight of Stock C using this formula
Portfolio weight of Stock C =Stock C /Total Value of stock A to stock D in Portfolio
Let plug in the formula
Portfolio weight of Stock C= 450 *$52/$60,480
Portfolio weight of Stock C=$23,400/$60,480
Portfolio weight of Stock C=0.3869*100
Portfolio weight of Stock C=38.69%
Therefore the Portfolio weight of Stock C will be 38.69%