Question

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!Mr. Slater invested $100,000 in a portfolio that is contains 60% stocks and 40% bonds. Over the course of a year, the value of the stocks increased to 67%, and the value of the bonds decreased to 33%. The current value of his investment is $118,400. How much should Mr. Slater move from stocks to bonds to rebalance his portfolio to 60% stocks and 40% bonds?
A. $8,900

B. $8,500

C. $8,288

D. $8,100

Answer 1

Answer:

8,288

Explanation:

Mr. Slater should move 8,288 from stocks to bonds to rebalance his portfolio to 60% stocks and 40% bonds