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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a. Since Austin purchased the stock for x dollars, his capital gain can be expressed as: Austin\'s C…View the full answer
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790