Marilyn purchased 2,000 shares of stock for $25.43 per share. She sold them for $44.10 per share.

Question:

Marilyn purchased 2,000 shares of stock for $25.43 per share. She sold them for $44.10 per share. Express her capital gain to the nearest tenth of a percent.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

See More Books

Question Posted: Apr 14, 2016 04:36 AM

See More Questions

Maria purchased 1,000 shares of stock for $35.50 per share in 2003. She sold them in 2007 for $55.10 per share. Express her capital gain as a percent, rounded to the nearest tenth of a percent
Laura bought 55 shares of stock for $3.50 per share last year. She paid her broker a 1% commission. She sold the stock this week for $2 per share, and paid her broker a $10 flat fee. a. What were...
Examine the data from Exercise 4. Year Enrollment 2006 ......................... 801 2007 ......................... 834 2008 ......................... 844 2009 ......................... 897 2010...
Consider a single toss of a fair coin, and define X as the number of heads that come up on that toss. Then X can be 0 or 1, with a probability of 50 %. The expected value of X is 1/2 . Can we expect...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Total sales revenue . . . . . . . . . . . . . . . ....
If integer a is divisible by both 3 and 14, which of the following must be true? Indicate all such statements. a. A is divisible by 6 b. A is equal to 42 c. A is divisible by 21 d. A is positive
P 11-8 Journal entries and calculations for push-down accounting Pop Corporation paid $3,000,000 for an 80 percent interest in Son Corporation on January 1, 2016, when the book values and fair values...
Ensure the Sales worksheet is active . Enter a function in cell B8 to create a custom transaction number. The transaction number should be comprised of the item number listed in cell C8 combined with...
Suppose that the economy is thought to be 3 percent below potential when potential output grows 3.5 percent per year. Suppose that the Fed is following the Taylor rule (with the equilibrium real...
. . Understanding how weighted averages work will be a very important topic for you in this course, since your grades are determined in this way. In this project, you will create an Excel spreadsheet...
The top three shareholders in a certain corporation each own s shares of a certain stock. The corporation's ownership is represented by a total of x shares of stock. Express the percent of the...
A local hairdresser bought 450 shares of a cosmetics corporation for $33.50 per share. He sold the shares for $39.01 per share. a. What was the percent increase in the price per share? Round to the...
Describe a customer benefit package.
Consider the following double loop and identify the dependence. Verify the dependence(s) by applying GCD test and Bounds test. Use the direction vector of (1, -1) corresponding to T on (5M) S. L1: do...
After discovering a vulnerability in the passwd utility, the Linux developers have decided that it is too dangerous to continue to run the utility as root (through setuid). Unfortunately, there's no...
Your supervisor comes to you and says, that as a company, you're facing multiple communication challenges. Since transitioning to a remote workforce, communication has been extremely poor....
You are developing an application that will be running on several hundred Amazon EC2 instances. The application on each instance will be required to reach out through a file system protocol...
What is the danger of mixing elements ("hybrid strategy") from both agile and lean SC strategies?
Roles define the manager. Do you agree or disagree with this statement? Discuss what you think managers do.
Can partitioned join be used for r r.A s? Explain your answer
The stem and leaf plot shown is called a back-to-back stem-and-leaf plot, and combines two stem and leaf plots. It gives the semi-annual premiums for the girls and boys in Van Buren High School who...
A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How long did it take for the car to depreciate to this amount? Round your answer to the nearest tenth of a year.
Jonathans car gets approximately 25 miles per gallon. He is planning a 980-mile trip. About how many gallons of gas will his car use for the trip? At an average price of $2.50 per gallon, how much...
The number of hours studied and the scores that students earned are shown. Creating a scatter chart, which statement is true regarding the relationship between the hours of study and scores earned....
Five samples of 12 each were extracted from a population. Based on the central limit theorem, what is the best estimate of the SD of the population? A B C D E 270 230 290 238 315 303 274 270 246 244...
In a national test, the mean score was 1575 and the standard deviation was 85. What % of the students earned a score between1500 and 1600 if the scores were Normally distributed?

Marilyn purchased 2,000 shares of stock for $25.43 per share. She sold them for $44.10 per share.

Question:

Step by Step Answer:

2000 2543 50860 ...View the full answer

Financial Algebra advanced algebra with financial applications

Students also viewed these Linear Algebra questions