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
Problem 1PS
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![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
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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.
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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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F926e5601-af9d-4bee-9f94-2d7e9582d535%2F4f80b436-4804-4c40-b313-a6b9fdfb1a96%2Fiky36cs_processed.jpeg&w=3840&q=75)
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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