Respuesta :
Answer:
$3500
Explanation:
Firstly, we calculate the market value of both stocks by multiplying their units by prices and adding it up to get the total value.
From the question we have,
Market value of common stocks
= 3 shares × $40.
= 120
Market value of preferred stocks
= 1 share × $ 100
= 100
Thus, total market value of stocks
= preferred + common
= 100 + 120
= 220.
Also, we determined to total value of the 50 packages of securities.
Total value of 50 packages of securities
= 50 × 154
= $7,700
Thus,
Total value of preferred stocks
= preferred stock/total stock × total value of package of securities.
Finally Therefore,
Total value of preferred stock
= 100/220 × 7700
= 0.4545454545 × 7700
= $3500
Answer: $3500
Explanation:
Hi,, to answer this, first, we have to multiply the 50 packages by the cost per package (154).
50x 154 = $7700
Now to calculate the market value of the stocks we have to multiply the quantity of each share by its market value, and then add both results.
Common stocks: 3 x $40 = $120
Preferred stock: 1 x $100 = $100
Total market value: 120+100= $220
Now the value of the preferred stock assigned to the packages will be:
Total value of 50 packages x (market value preferred stock / total market value) =
7700 x (100/220) = $3500