Problem:
You own a $46,000 portfolio comprised of four stocks. The values of stocks A, B, and C are $5,600, $16,700, and $11,400, respectively.
Requirement:
Question: What is the portfolio weight of stock D?
A) 26.74 percent
B) 28.39 percent
C) 30.33 percent
D) 32.10 percent
E) 32.58 percent
Note: Show supporting computations in good form.