Answer :
Let's break down Phillipe's total investment step-by-step.
First, we'll find the cost of each share of Green Energy and TJH Small-Cap, and then calculate the total cost of the shares Phillipe buys.
1. Green Energy Investment:
- Offer Price: \[tex]$18.01 per share - Number of Shares: 50 - Total Investment in Green Energy: \[ 50 \, \text{shares} \times \$[/tex]18.01 \, \text{per share} = \[tex]$900.50 \] 2. TJH Small-Cap Investment: - Offer Price: \$[/tex]19.05 per share
- Number of Shares: 120
- Total Investment in TJH Small-Cap:
[tex]\[ 120 \, \text{shares} \times \$19.05 \, \text{per share} = \$2286.00 \][/tex]
3. Total Investment:
- Sum of investments in Green Energy and TJH Small-Cap:
[tex]\[ \$900.50 + \$2286.00 = \$3186.50 \][/tex]
Therefore, Phillipe's total investment is:
[tex]\[ (d) \$3186.50 \][/tex]
First, we'll find the cost of each share of Green Energy and TJH Small-Cap, and then calculate the total cost of the shares Phillipe buys.
1. Green Energy Investment:
- Offer Price: \[tex]$18.01 per share - Number of Shares: 50 - Total Investment in Green Energy: \[ 50 \, \text{shares} \times \$[/tex]18.01 \, \text{per share} = \[tex]$900.50 \] 2. TJH Small-Cap Investment: - Offer Price: \$[/tex]19.05 per share
- Number of Shares: 120
- Total Investment in TJH Small-Cap:
[tex]\[ 120 \, \text{shares} \times \$19.05 \, \text{per share} = \$2286.00 \][/tex]
3. Total Investment:
- Sum of investments in Green Energy and TJH Small-Cap:
[tex]\[ \$900.50 + \$2286.00 = \$3186.50 \][/tex]
Therefore, Phillipe's total investment is:
[tex]\[ (d) \$3186.50 \][/tex]