Your next assignment is to assume that $10,000 was invested in the stock of General Medical Corporation
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Question:
a. To begin, assume that the stock sale nets $11,500. What is the dollar return on the stock investment? What is the rate of return?
b. Assume that the stock price falls and the net is only $9,500 when the stock is sold. What is the dollar return and rate of return?
c. Assume that the sales prices remain the same but the stock is held for two (02) years. Now, what is the dollar return and rate of return?
Related Book For
Systems Analysis and Design
ISBN: 978-1133274636
9th Edition
Authors: Shelly Cashman, Gary B. Shelly and Harry J. Rosenblatt
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