22 Mar You have formed an investment club and solicited your friends to join. The club sold 500 shares at $10 each to members to raise money for you to invest. The total amoun
You have formed an investment club and solicited your friends to join. The club sold 500 shares at $10 each to members to raise money for you to invest. The total amount of money the investment club has to invest is $5,000 (500 shares x $10).
In the attached document there are six different stocks available for you to invest in. You must invest the entire $5,000 in a minimum of 4 different stocks. You may invest in as little as 4 stocks or spread the money over all 6 stocks. You will fill out the chart on the document attached and show your investment decisions.
Submit your completed document via the assignment link by 11:59pm
Due TONIGHT.
MUTUAL FUNDS PROJECT
INSTRUCTIONS
You have formed an investment club and solicited your friends to join. The club sold 500 shares at $10 each to members to raise money for you to invest. The total amount of money the investment club has to invest is $5,000 (500 shares x $10). Below there are six different stocks available for you to invest in. You must invest the entire $5,000 in a minimum of 4 different stocks. You may invest in as little 4 stocks or spread the money over all 6 stocks. You will fill out the chart below showing your investment decisions.
Stock Options
1. American Cellular, $7 per share
This is a new cellular company that features high-tech services such as phones that send streaming video. So far, the company has not made a profit but expects to do very well soon.
2. Big Box Stores, $25 per share
Big Box Stores is one of the leading discount retailers in the country. Same-store sales have increased steadily in each of the last five years.
3. Biotech Industries, $12 per share
Biotech Industries is a pharmaceutical company that specializes in developing cutting-edge drugs. It has some profitable products, but so far its profits are small.
4. General Grocery, $22 per share
This is a leading grocery store chain. Sales are generally steady and do not change much with the economy’s ups and downs. However, some experts predict that the growing trend toward eating out in restaurants will hurt future sales.
5. Giant Auto, $12 per share
Giant Auto is one of the three leading automobile manufacturers in the world. The company’s profits depend on economic conditions. Profits are high in times of strong economic growth and poor in bad times or recessions.
6. Gold Mining Group, $5 per share
GMG is a gold-mining company. The price of gold often rises in bad times or recessions and falls in good times.
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Company |
Price Per Share |
No. of Shares Purchased |
Amount Invested |
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American Cellular |
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Big Box Stores |
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Biotech Industries |
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General Grocery |
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Giant Auto |
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Gold Mining Group |
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Total Investment Value (Add last column. Must equal $5,000) |
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