Last year, a stockholder purchased 25 shares of Zycodec at its lowest price of the year. What is the gain or loss if the stock is sold at the current closing price? The gain is $55.75. The loss is $55.75. The gain is $139.00. The loss is $139.00.
Last year, a stockholder purchased 25 shares of Zycodec at its lowest price of the year. What is the gain or loss if the stock is sold at the current closing price? The gain is $55.75. The loss is $55.75. The gain is $139.00. The loss is $139.00.
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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Question
A summary of two stocks is shown.
| 52W high | 52W low | Name of Stock | Symbol | High | Low | Close |
|---|---|---|---|---|---|---|
| 37.18 | 29.39 | Zycodec | ZYO | 39.06 | 32.73 | 34.95 |
| 11.76 | 7.89 | Unix Co | UNX | 16.12 | 12.11 | 15.78 |
Last year, a stockholder purchased 25 shares of Zycodec at its lowest price of the year. What is the gain or loss if the stock is sold at the current closing price?
The gain is $55.75.
The loss is $55.75.
The gain is $139.00.
The loss is $139.00.
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