# Austin purchased shares of stock for x dollars in 2015. He sold them years later for y dollars per share. a. Express his capital gain algebraically. b. Express his capital gain as a percent of the purchase price.

Chapter 8, Application 8.6 #10

Austin purchased shares of stock for x dollars in 2015. He sold them years later for y dollars per share.

a. Express his capital gain algebraically.

b. Express his capital gain as a percent of the purchase price.

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**Related Book For**

## Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

**Authors:** Robert Gerver, Richard J. Sgroi

**ISBN:** 9781337271790