Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Greg's return on his investment? A. -87.50% B.-113.75% C. -100.62% D. -96.25%
Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Greg's return on his investment? A. -87.50% B.-113.75% C. -100.62% D. -96.25%
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 3PROB
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Transcribed Image Text:Greg purchased stock in Bear Stearns and Co. at a
price of $88 per share one year ago. The company was
acquired by JP Morgan at a price of $11 per share.
What is Greg's return on his investment?
A. -87.50%
B.-113.75%
C. -100.62%
D. -96.25%
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