One year ago, Elizabeth and William Brown made several large-cap stock investments. They used no...
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One year ago, Elizabeth and William Brown made several large-cap stock investments. They used no margin, and their trading costs were $9 per transaction. Their purchases included the following: 100 shares of Stock A at $30 (annual dividend, $0.15) 100 shares of Stock B at $36 (annual dividend, $0.61) 100 shares of Stock C at $40 (annual dividend, $0.54) 100 shares of Stock D at $15 (no dividend) The current stock prices are as follows: Stock A, $33; Stock B, $34; Stock C, $41; and Stock D, $18. What was the total start-up cost for their investment portfolio?
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