John purchased stock in GreenTech Inc. at a price of $120 per share one year ago. The company was acquired by BlueWave Corp. at a price of $35 per share. What is John's return on his investment?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
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What is John return on his investment? Financial accounting

John purchased stock in GreenTech Inc. at
a price of $120 per share one year ago.
The company was acquired by BlueWave
Corp. at a price of $35 per share.
What is John's return on his investment?
Transcribed Image Text:John purchased stock in GreenTech Inc. at a price of $120 per share one year ago. The company was acquired by BlueWave Corp. at a price of $35 per share. What is John's return on his investment?
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