Maria purchased 1,000 shares of stock for $35.50 per share in 2003. She sold them in 2007

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

See More Books

Question Posted: Apr 14, 2016 04:34 AM

See More Questions

Marilyn purchased 2,000 shares of stock for $25.43 per share. She sold them for $44.10 per share. Express her capital gain to the nearest tenth of a percent.
Laura bought 55 shares of stock for $3.50 per share last year. She paid her broker a 1% commission. She sold the stock this week for $2 per share, and paid her broker a $10 flat fee. a. What were...
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,...
In the Akerlof example, the individuals are treated as indifferent to risk. What would you expect to see in these markets if individuals wanted to avoid risk? What if there were some risk lovers?
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales . . . . . . . . . . . . . . . . . . . . . . . . . ....
The process of binary fission begins with a single mother cell and ends with two daughter cells. Would you expect the mother and daughter cells to be genetically identical? Explain why or why not.
Look through several professional society magazines such as Civil Engineering, Mechanical Engineering, or ASEE Prism. Count the advertisements for CFD software and calculate an "ad density" in...
Petit Industries has $100,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are: The working capital needed for project B will be released at...
David Bowman, the manager of Lava Java Packaging, has several concerns over the processes being used in the business. Firstly, David is concerned about the adequacy of the processes and controls in...
How can a board of directors reduce an agency problem?
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...
How do those words apply to an investor? How do those words apply to a stockbroker?
Data reduction can be applied to rows and/ or columns. Which is more challenging? Explain.
Suppose that a variable a is declared as double a = 3.14159. What does each of the following print? a. System.out.println(a); b. System.out.println(a+1); c. System.out.println(8/(int) a); d....
Categorize the major focus areas of social entrepreneurship and the challenges unique to each focus.
Describe what happens if you put the double quotes in the print statement of HelloWorld.java on different lines, as in this code fragment: System.out.println("Hello, World");
Identify the different categories of innovative strategies.
Suppose that a and b are int variables. What does the following sequence of statements do? int t = a; b = t; a = b;
Why is marginal revenue equal to price for a perfectly competitive firm?
What can scientists learn by comparing the fossilized skeletons of extinct primates with the bones of modern species?
Bill can afford a monthly payment of $475. He wants to take out a $20,000 loan at a 4.25% interest rate. What should the length of the loan be? Round your answer to the nearest year.
Kayla wants to take out a $7,500 loan with a 3.3% APR. She can afford to pay $128 per month for loan payments. a. What should be the length of her loan? Round to the nearest tenth of a year. b. What...
The following arithmetic sequence models an installment purchase. Give the down payment, monthly payment, and length of the plan. 400, 510, 620, 730, 840, 950, 1,060.
Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most...
HomeLife Life Insurance Company has two service departments ( actuarial and premium rating ) and two production departments ( advertising and sales ) . The distribution of each service department s...
Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor...

Maria purchased 1,000 shares of stock for $35.50 per share in 2003. She sold them in 2007

Question:

Step by Step Answer:

3550 1000 35500 purchase ...View the full answer

Financial Algebra advanced algebra with financial applications

Students also viewed these Linear Algebra questions