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
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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?
d) What is his rate of return on his shares when he sold them?
Part IlI: Reflection
5. Refer back to the ROLformulg Even if there were no narenthesis around the numerator"
Transcribed Image Text:EY-Calculating Return on Investment - 1887343 *- Saved v
Search (Alt + Q)
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Review
View
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Table
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y Gothic
A A
I U Av A
=< m< 三三<
V 18
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Question 4
Answer
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?
d) What is his rate of return on his shares when he sold them?
Part IlI: Reflection
5. Refer back to the ROLformulg Even if there were no narenthesis around the numerator
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