1. To expand his portolio, Jorge recently purchased 275 shares of common stock in the Wellington Industries. The current market price of Wellington's common stock is $22.25 per share. Jorge's total wealth from his investment in Wellington Industries is:
a. $3,977.19
b. $10,707.81
c. $7,036.56
d. $6,118.75
2. Two years have passed since Jorge purchased his 275 common shares in the Wellington Industries. The current price of a common share is $24.48 per share. Jorge's wealth has______ (Increased/Decreased). The value of Jorge's portfolio changed by___________($766.56/$705.24/$1,134.51/$613.25) as a result of this price change, assuming that everything remains constant.