You are considering how to invest part of your retirement savings. You have decided to put $ 400 comma 000 into three stocks: 51 % of the money in GoldFinger (currently $ 20 /share), 19 % of the money in Moosehead (currently $ 90 /share), and the remainder in Venture Associates (currently $ 6 /share). Suppose GoldFinger stock goes up to $ 38 /share, Moosehead stock drops to $ 60 /share, and Venture Associates stock rises to $ 13 per share.
a. What is the new value of the portfolio? b. What return did the portfolio earn?
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