Neco 2024 Commerce Question 14
Practice objective / multiple choice question 14 from the 2024 Neco Commerce examination.
An investor holds three stocks: Stock A - 200 shares bought at \(1200\) naira each; Stock B - 150 shares bought at \(2500\) naira each; Stock C - 100 shares bought at \(3800\) naira each. Their current market prices are: Stock A - \(1350\) naira, Stock B - \(2300\) naira, Stock C - \(4100\) naira. The investor expects Stock B's price to rise to \(2600\) naira per share. To achieve an overall portfolio return of 12% based on the future market values, how many additional shares of Stock B should the investor purchase now at the current price of \(2300\) naira per share?
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About This Question
This is Neco 2024 Commerce Question 14. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Hard .
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