Answer to Question #155081 in Financial Math for Angelica Aguilar

Question

1. Stock Purchases At the closing price per share of General Dynamics (GD), how many shares of the

stock can you purchase for $5000?

2. Stock Sale Gary Walters owned 400 shares of stock in General Electric (GE). He purchased the shares at a price of $27.80 per share and sold them at the closing price of the stock given in the table above.

a. Ignoring dividends, what was Gary’s profit or loss on the sale of the stock?

b. If his broker charges 2.5% of the total sale price, what was the broker’s commission?

3. Stock Tables For Gap, Inc. (GPS):

a. What is the difference between the highest and lowest prices paid for this stock during the last 52 weeks?

b. Suppose you own 750 shares of this stock. What dividend do you receive this year?

c. How many shares of this stock were sold yesterday?

d. Did the price of a share of this stock increase or decrease during the day shown in the table?

e. What was the price of a share of this stock at the start of the trading day yesterday?

Answer 1

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