You purchase 75 shares of stock at $ 75 per share. The next day the stock drops 12%; however, a week later it increases in value by 5%. If you immediately sell your 75 shares, how much will you lose or gain (a) in dollar amount and (b) in percent?
Total number of shares = 75
Price per share = $75
Total amount
The next day the stock drops 12%
Price per share
However, a week later it increases in value by 5%.
Price per share =
If you immediately sell your 75 shares:
Total amount for selling
Difference between final and initial amount = 5197.5 -5625 = -427.5
(a) You will lose $427.5
(b) Percent change
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