Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
11th Edition
ISBN: 9780077861643
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes
Publisher: McGraw-Hill Education
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Chapter 14, Problem 2CC
Summary Introduction

Case summary:

Mrs. S and Mr. M managed to aside amount for investments. They have accumulated $5,000 for this purpose. They are considering stock investments but are not sure how to get started. They have heard that stock investments can grow quickly but that there is great risk in this type of investment. Therefore, they definitely want to know more information before beginning.

Character in this case: Mr. M and Mrs. S.

Adequate information:

Monthly gross income is $7,000.

Living expenses are $4,500.

Assets are of $205,000.

Liabilities are of $115,000.

To explain:

Four websites that can help in getting information about stocks.

Introduction: A stock is a kind of security which represents ownership for part of corporation.

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