Tori bought one share of Macy's stock on Nov 1, 2016 for $33.38. Four years later, she sold it and the closing price for that day was $5.09. a) How much money did she gain/lose with this stock? b) What is her rate of return?

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
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Torf boughtone share oT Macy
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Question 1
Tori bought one share of Macy's stock on Nov 1, 2016 for $33.38. Four
years later, she sold it and the closing price for that day was $5.09.
a) How much money did she gain/lose with this stock?
b) What is her rate of return?
Transcribed Image Text:Torf boughtone share oT Macy arepoint.com/w./r/personal/mquisenb_k12_wv_us/_layouts/15/Doc.aspx?sourcedoc=%7B66E400F1-OEA7-4433-8F54- ting Return on Investment 1887343 g- Saved O Search (Alt + Q) References Review View Help Table O Editing v A A B I A A =<=< 国 三v v 11 MATH: Relurn on invesimeni Complete the following practice problems and show your work in the space provided. Then, wn your final solution in the answer boxes. 艦調 Answer Question 1 Tori bought one share of Macy's stock on Nov 1, 2016 for $33.38. Four years later, she sold it and the closing price for that day was $5.09. a) How much money did she gain/lose with this stock? b) What is her rate of return?
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