Question

(Diversifying Portfolios MC)

A summary of two stocks is shown.


Name of Stock Symbol Closing Price Day 1 Closing Price Day 2 Closing Price Day 3
Unix Co UNX 8.15 8.78 8.06
Cubix Inc CBX 15.65 16.92 14.35


Suppose you purchase 65 shares of Unix stock and 50 shares of Cubix stock on Day 1 at the closing price. Which day, during the following two days, would be best to sell both stocks on, and by how much?
Day 2 is the best by $104.45.
Day 3 is the best by $104.45.
Day 2 is the best by $70.85.
Day 3 is the best by $70.85.

Answer 1

A. Day 2 is the best by $104.45

Answer 2

Thayes, that right?

Answer 3

Yea