For four years, Mary Nations invested $4,000 each year in America Bank stock. The stock was selling
Question:
For four years, Mary Nations invested $4,000 each year in America Bank stock. The stock was selling for $34 in 2013, for $48 in 2014, for $37 in 2015, and for $52 in 2016.
a. What is Mary’s total investment in America Bank?
b. After four years, how many shares does Mary own?
c. What is the average cost per share of Mary’s investment?
Step by Step Answer:
a Marys total investment is 16000 as illustrated below 4000 x 4 years 16000 ...View the full answer
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
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