Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in February and sold in June.

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ISBN:9780470458365
Author:Erwin Kreyszig
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Number 38

Stock Investments Exercises 37-42 are based on the following
chart, which shows monthly figures for Apple stock in 2010:4
350 A
317.13
300
317.44
294.07
255.96
260.09
250
235.97
258.77
246.94
235.86
211.98
218.95
200
195.46
150
100 +
+.
Nov-10
Marked are the following points on the chart:
Jan. 10
Feb. 10
Mar. 10
Apr. 10
May 10
June 10
211.98
195.46
218.95
235.97
235.86
255.96
July 10
Aug. 10
Sep. 10
Oct. 10
Nov. 10
Dec. 10
246.94
260.09
258.77
294.07
317.13
317.44
37. Calculate to the nearest 0.01% your monthly percentage
return (on a simple interest basis) if you had bought Apple
stock in June and sold in December.
38. Calculate to the nearest 0.01% your monthly percentage
return (on a simple interest basis) if you had bought Apple
stock in February and sold in June.
al
39. Suppose you bought Apple stock in April. If you later sold
at one of the marked dates on the chart, which of those dates
le
would have given you the largest monthly return (on a simple
interest basis), and what would that return have been?
al
40. V Suppose you bought Apple stock in May. If you later sold
at one of the marked dates on the chart, which of those dates
would have given you the largest monthly return (on a sim-
ple interest basis), and what would that return have been?
ay
em
tor
Jan-10
Feb-10
Mar- 10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Dec-10
Transcribed Image Text:Stock Investments Exercises 37-42 are based on the following chart, which shows monthly figures for Apple stock in 2010:4 350 A 317.13 300 317.44 294.07 255.96 260.09 250 235.97 258.77 246.94 235.86 211.98 218.95 200 195.46 150 100 + +. Nov-10 Marked are the following points on the chart: Jan. 10 Feb. 10 Mar. 10 Apr. 10 May 10 June 10 211.98 195.46 218.95 235.97 235.86 255.96 July 10 Aug. 10 Sep. 10 Oct. 10 Nov. 10 Dec. 10 246.94 260.09 258.77 294.07 317.13 317.44 37. Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in June and sold in December. 38. Calculate to the nearest 0.01% your monthly percentage return (on a simple interest basis) if you had bought Apple stock in February and sold in June. al 39. Suppose you bought Apple stock in April. If you later sold at one of the marked dates on the chart, which of those dates le would have given you the largest monthly return (on a simple interest basis), and what would that return have been? al 40. V Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest monthly return (on a sim- ple interest basis), and what would that return have been? ay em tor Jan-10 Feb-10 Mar- 10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Dec-10
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