Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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maria purchased 1,000 shares of stock for 35.50 per share in 2003. she sold them in 2007 for $55.10 per share.
Transcribed Image Text:5. Ramon bought x shares of Xerox stock for a total of $40,000. Express
the
price he paid per share algebraically.
4. Tori bought x share
all of the shares months later
ital gain or loss algebraically.
e Stock Market
6. In 2004, Joe bought 200 shares in the Nikon corporation for $12.25
per share. In 2007 he sold the shares for $31.27 each.
a.
What was Joe's capital gain?
b. Express Joe's capital gain as a percent, rounded to the nearest
percent.
7. General Motors stock fell from $32 per share in 2006 to $20 per
share during 2008.
a. If you bought and then sold 300 shares at these prices, what was
your loss?
b. Express your loss as a percent of the purchase price. Round to the
nearest tenth of a percent.
8. Elliott purchased shares of Microsoft in 2008 for $28 per share. He
plans to sell them as soon as the price rises 20%. At what price will
he sell his shares?
9. Maria purchased 1,000 shares of stock for $35.50 per share in 2003.
She sold them in 2007 for $55.10 per share. Express her capital gain
as a percent, rounded to the nearest tenth of a percent.
d
F
13. Zeke B
him a
a. E
b. E
c. 7
14. Jak
stc
14
a.
b
X
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