Chadwick bought 50 shares of Chipotle stock on Nov 1, 2016 for $396.33 per share. He sold the shares four years later, with the closing price for that day of $778.38. a) What did Chadwick pay for all of the shares in 2016? b) What was the closing value of all of the shares four years later? c) How much money did he gain/lose with this stock?

Chadwick bought 50 shares of Chipotle stock on Nov 1, 2016 for $396.33 per share. He sold the shares four years later, with the closing price for that day of $778.38. a) What did Chadwick pay for all of the shares in 2016? b) What was the closing value of all of the shares four years later? c) How much money did he gain/lose with this stock?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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