Q:

Ana Jones asks her broker to divide her 401K investment of $2000 among the International Fund, the Fixed Assets Fund, and company stock. She decides that her investment in the International Fund should be twice her investment in company stock. During the first quarter, the International Fund earns 4.5%, the fixed Assets Fund earns 2.6%, and the company stock falls 0.2%. At the end of the first quarter, Ms Jones receives a statement indicating a return of $58 on her investment. How did the broker divide Ms. Jones’ initial investment?

Accepted Solution

A:
International Fund: $1,200    Fixed Assets: $200   Company Stock: $600