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?
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
Section: Chapter Questions
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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?
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