Answered: A street analyst is trying to conduct…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter3: Risk And Return: Part Ii

Section: Chapter Questions

Problem 5MC: You have been hired at the investment firm of Bowers & Noon. One of its clients doesn’t understand...

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A street analyst is trying to conduct top-down research. In order to realign investment portfolio, he plans to remove the stock that has the lowest market share in its industry. He is currently looking at the following stocks:

Stock Name: ABC

Revenue: 2,345,678.00

Industry Sales: 27,000,579.88

Stock Name: DEF

Revenue: 278,000.00

Industry Sales: 2,897,000.90

Stock Name: GHI

Revenue: 1,334,567.00

Industry Sales: 8,700,899.76

Stock Name: JKL

Revenue: 4,400,990.00

Industry Sales: 6,678,999.00

Stock Name: MNO

Revenue: 13,000,000.00

Industry Sales: 87,994,678.00

Which stock will he remove?

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