11. Robyn bought 10 shares of Apple stock on 3/10/2008. She tracked the price of the...

 

Transcribed Image Text:

11. Robyn bought 10 shares of Apple stock on 3/10/2008. She tracked the price of the stock and decided to sell her shares on 3/10/2010. Use this table to answer the following parts of question 11. Date Apple, Inc. 3/10/2004 $13.84 3/10/2005 $39.83 3/10/2006 $64.19 3/9/2007 $87.97 3/10/2008 $119.69 3/10/2009 $88.63 3/10/2010 $224.84 3/10/2011 $346.67 3/9/2012 $545.17 a. How much did she pay when she purchased the 10 shares of stock on 3/10/2008? b. How much money did she receive when she sold the 10 shares on 3/10/2010? c. What was her total return? Write the formula used from the Financial Management Unit Formula Sheet, and show the values substituted into the formula. Calculate the result. Round your answer to the nearest tenth percent. 11. Robyn bought 10 shares of Apple stock on 3/10/2008. She tracked the price of the stock and decided to sell her shares on 3/10/2010. Use this table to answer the following parts of question 11. Date Apple, Inc. 3/10/2004 $13.84 3/10/2005 $39.83 3/10/2006 $64.19 3/9/2007 $87.97 3/10/2008 $119.69 3/10/2009 $88.63 3/10/2010 $224.84 3/10/2011 $346.67 3/9/2012 $545.17 a. How much did she pay when she purchased the 10 shares of stock on 3/10/2008? b. How much money did she receive when she sold the 10 shares on 3/10/2010? c. What was her total return? Write the formula used from the Financial Management Unit Formula Sheet, and show the values substituted into the formula. Calculate the result. Round your answer to the nearest tenth percent.