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Zachary holds 15 stocks in his portfolio. The portfolio's return last year was 11%, but one stock, RJH, doubled in value. What should Zachary do if he wants to be as diversified as he was at the beginning of the year?

Respuesta :

Answer:

Number of stocks in portfolio = 15

Last year portfolio return = 11%

Out of 15 stocks, RJH stock is doubles in value.

Zachary should sell some of the RJH stock to attain some level of profit and is also constitutes higher percentage among all of the other holdings. By selling the stock of RJH, he will be able to earn more profit than any other holding he has.

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