A summary of two stocks is shown. Name of Stock Symbol Closing Price
Question:
A summary of two stocks is shown.
Name of Stock Symbol Closing Price Day 1 Closing Price Day 2 Closing Price Day 3
Metroplis, Ltd MTP 17.95 18.25 18.28
Suburbia, Inc SBR 5.63 4.98 5.25
Suppose you purchase 65 shares of Metropolis stock and 50 shares of Suburbia stock on Day 1 at the closing price. Which day, during the following two days, would be the best to sell both stocks, and by how much?
Day 2 is the best by $13.00.
Day 3 is the best by $13.00.
Day 2 is the best by $2.45.
Day 3 is the best by $2.45.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill