Jake bought d shares of stock for x dollars per share years ago. His stock rose in price and eventually hit a price that would earn him a 140% capital gain. He decided to sell half of his d shares.
a. Represent half of the d shares algebraically.
b. Represent the capital gain earned on each of the shares that were sold algebraically.
c. Represent the capital gain earned on all of the shares that were sold algebraically.
d. Represent the total value of the shares that were sold algebraically.
e. Jake keeps the remaining half of the shares for several more years. The company goes bankrupt and those shares become worthless. Jake had a large gain on the shares he sold earlier-and took a loss on the shares that became worthless. Did investing in the d shares result in a capital gain or loss for Jake? Explain using the algebraic expressions you created in parts a-d.