On January 4th, Tom bought 100 shares of GameStop stock for $17.25 per share. On February 1st (exactly 28 days, or 4 weeks later) and in the peak of the short squeeze on GameStop's stock, Tom sold his shares for $315 per share.

a) What was the total percentage return that he earned on this investment? (3 points)

b) Given the 28-day holding period, what is the compound daily percentage return on his investment? (3 points)

Solve with explanation

Answer rating: 100% (QA)

Calculating Toms Return on GameStop Stock a Total Percentage Return Heres how to calculate the total ... View the full answer