On May 10 of the current year, Claire purchased 1,000 shares of ABCO stock for $10 per share because she believed the price had hit bottom She did not know that her broker had sold 500 shares that he held in her brokerage account at $18 per share on April 18 when the price dropped from its $22 purc...

The 4 18 22 per share loss 2000 total loss on the 500 share ...

On May 10 of the current year, Claire purchased 1,000 shares of ABCO stock for $10 per

Question:

On May 10 of the current year, Claire purchased 1,000 shares of ABCO stock for $10 per share because she believed the price had hit bottom. She did not know that her had sold 500 shares that he held in her brokerage account at $18 per share on April 18 when the price dropped from its $22 purchase price. Explain the effect of these transactions on Claire.
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...