Question

Investment amount invested ROR

Stock A $1,800 2.5%
Stock B $4,600 −3.1%
Stock C $580 3.2%
Stock D $1,122 12.8%

Using technology, calculate the weighted dollar amount of stock C.

a. $18.56
b. $45.00
c. $142.60
d. $143.62

Answer 1

The weighted dollar amount of Stock C is calculated by multiplying the investment amount of $580 by the rate of return of 3.2%, which results in $18.56.the right answer is a)

Step-by-step explanation:

To calculate the weighted dollar amount of Stock C, we need to multiply the amount invested in Stock C by its rate of return (ROR). The formula for this calculation is as follows:

Weighted Dollar Amount = Investment Amount × Rate of Return

For Stock C:

Weighted Dollar Amount of Stock C = $580 × 3.2%

First, convert the percentage to a decimal:

3.2% = 0.032

Then, perform the calculation:

Weighted Dollar Amount of Stock C = $580 × 0.032

Weighted Dollar Amount of Stock C = $18.56

Therefore, the answer is a. $18.56.