Mr. X has a limited cash balance of P1,000,000.00. (b) The buying price of the stock is P10 per share (c) Mr. X wants to purchase 150,000 shares (d) The broker wants to lend Mr. X the deficit in exchange of 3% simple interest per month. (e) the transaction cost in buying the shares is 0.10 per share Variable rate plus P20,000 Fixed rate. (f) On September 1, 2021, Mr. X purchased 150,000 shares at 10 per share. * Assuming on September 1, 2021, Mr. X purchased only 100,000 shares at 10.00 per share and sold the same stocks to Mr. Y at 9.80 per share. What is the net income/loss of Mr. X in selling the stocks to Mr. Y? (Transaction cost in buying and selling stocks is the same in the given data above).
Mr. X has a limited cash balance of P1,000,000.00. (b) The buying price of the stock is P10 per share (c) Mr. X wants to purchase 150,000 shares (d) The broker wants to lend Mr. X the deficit in exchange of 3% simple interest per month. (e) the transaction cost in buying the shares is 0.10 per share Variable rate plus P20,000 Fixed rate. (f) On September 1, 2021, Mr. X purchased 150,000 shares at 10 per share. * Assuming on September 1, 2021, Mr. X purchased only 100,000 shares at 10.00 per share and sold the same stocks to Mr. Y at 9.80 per share. What is the net income/loss of Mr. X in selling the stocks to Mr. Y? (Transaction cost in buying and selling stocks is the same in the given data above).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Mr. X has a limited cash balance of P1,000,000.00. (b) The buying price of the stock is P10 per share (c) Mr. X wants to purchase 150,000 shares (d) The broker wants to lend Mr. X the deficit in exchange of 3% simple interest per month. (e) the transaction cost in buying the shares is 0.10 per share Variable rate plus P20,000 Fixed rate. (f) On September 1, 2021, Mr. X purchased 150,000 shares at 10 per share. *
Assuming on September 1, 2021, Mr. X purchased only 100,000 shares at 10.00 per share and sold the same stocks to Mr. Y at 9.80 per share. What is the net income/loss of Mr. X in selling the stocks to Mr. Y? (Transaction cost in buying and selling stocks is the same in the given data above).
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