Tracking portfolio performance. Use Worksheet 11.2 to help Clayton and Julie Grover, a married couple in their late 40s, evaluate their securities portfolio, which includes these holdings.
a. IBM. (NYSE; symbol IBM): 100 shares bought in 2011 for
170.40 per share.
b. Verizon (NYSE; symbol VZ): 250 shares purchased in 2007 for
40.62 per share.
c. Procter & Gamble (NYSE; symbol PG): 150 shares purchased in 2010 at
61.85 per share.
d. Google (NASDA Q; symbol, GOO G): 200 shares purchased in 2014 at
519.98 per share.
e. The Grovers also have
8,000 in a bank savings account that pays 1.25 percent annual interest.
1. Based on the latest quotes and portfolio tracking tools obtained from the Internet, complete Worksheet 11.2.
2. What’s the total amount the Grovers have invested in these securities, the annual income they now receive, and the latest market value of their investments?