Let's break down Phillipe's total investment step-by-step.
First, we'll find the cost of each share of Green Energy and TJH Small-Cap, and then calculate the total cost of the shares Phillipe buys.
1. Green Energy Investment:
- Offer Price: \[tex]$18.01 per share
- Number of Shares: 50
- Total Investment in Green Energy:
\[
50 \, \text{shares} \times \$[/tex]18.01 \, \text{per share} = \[tex]$900.50
\]
2. TJH Small-Cap Investment:
- Offer Price: \$[/tex]19.05 per share
- Number of Shares: 120
- Total Investment in TJH Small-Cap:
[tex]\[
120 \, \text{shares} \times \$19.05 \, \text{per share} = \$2286.00
\][/tex]
3. Total Investment:
- Sum of investments in Green Energy and TJH Small-Cap:
[tex]\[
\$900.50 + \$2286.00 = \$3186.50
\][/tex]
Therefore, Phillipe's total investment is:
[tex]\[
(d) \$3186.50
\][/tex]
