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To calculate the weighted dollar amount of Stock C, we need to follow these steps:
1. Identify the amount invested in Stock C, which is \[tex]$580. 2. Identify the rate of return (ROR) for Stock C, which is 12.9%. The weighted dollar amount is found by multiplying the amount invested by the ROR (expressed as a decimal). \[ \text{ROR in decimal} = 12.9\% = \frac{12.9}{100} = 0.129 \] Next, multiply the investment amount by the ROR in decimal form: \[ \text{Weighted dollar amount} = \$[/tex]580 \times 0.129 \]
Carrying out this multiplication:
[tex]\[ \$580 \times 0.129 = \$74.82 \][/tex]
Therefore, the weighted dollar amount of Stock C is [tex]\(\$ 74.82\)[/tex].
Thus, the correct answer is:
[tex]\(\$ 74.82\)[/tex]
1. Identify the amount invested in Stock C, which is \[tex]$580. 2. Identify the rate of return (ROR) for Stock C, which is 12.9%. The weighted dollar amount is found by multiplying the amount invested by the ROR (expressed as a decimal). \[ \text{ROR in decimal} = 12.9\% = \frac{12.9}{100} = 0.129 \] Next, multiply the investment amount by the ROR in decimal form: \[ \text{Weighted dollar amount} = \$[/tex]580 \times 0.129 \]
Carrying out this multiplication:
[tex]\[ \$580 \times 0.129 = \$74.82 \][/tex]
Therefore, the weighted dollar amount of Stock C is [tex]\(\$ 74.82\)[/tex].
Thus, the correct answer is:
[tex]\(\$ 74.82\)[/tex]
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