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Chapter 13: Q. 33 (page 848)

As a financial planner, you are asked to select one stock each from the following groups: 8 DOW stocks, 15 NASDAQ stocks, and 4 global stocks. How many different portfolios are possible?

Short Answer

Expert verified

There are total 480different portfolios are possible.

Step by step solution

01

Step 1. Given information

There are 8 DOW stocks, 15 NASDAQ stocks, and 4 global stocks.

we have to select 1 stock from each group.

02

Step 2. To find the number of different portfolios.

Since one stock is selected from each group.

So the number of different portfolios is:

8脳15脳4=480

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