For four years, Marty Campbell invested $4,000 each year in Harley-Davidson. The stock was selling for $55
Question:
For four years, Marty Campbell invested $4,000 each year in Harley-Davidson. The stock was selling for $55 in 2017, $47 in 2018, $36 in 2019, and $33 in 2020.
a. What is Marty’s total investment in Harley-Davidson?
b. After four years, how many shares does Marty own?
c. What is the average cost per share of Marty’s investment?
Step by Step Answer:
a Total investment is 16000 Total investment Annual investment x number of year...View the full answer
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
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