SOLUTION: Is it C? I want to check my answer. Topic: Financial Mathematics Mr. Slater invested $100,000 in a portfolio that is contains 60% stocks and 40% bonds. Over the course of a y

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Question 1180074: Is it C? I want to check my answer.
Topic: Financial Mathematics
Mr. Slater invested $100,000 in a portfolio that is contains 60% stocks and 40% bonds. Over the course of a year, the value of the stocks increased to 67%, and the value of the bonds decreased to 33%. The current value of his investment is $118,400. How much should Mr. Slater move from stocks to bonds to rebalance his portfolio to 60% stocks and 40% bonds?
A. $8,900
B. $8,500
C. $8,288
D. $8,100
Answer by MathLover1(20849) About Me  (Show Source):