Q6.3 Listed below are three pairs of stocks. Look at each pair and select the security you
Question:
Q6.3 Listed below are three pairs of stocks. Look at each pair and select the security you would like to own, given that you want to select the one that's worth more money. Then, after you make all three of your selections, use the Wall Street Journal or some other source to find the latest market value of the two securities in each pair.
a. 50 shares of Berkshire Hathaway (stock symbol BRKA) or 150 shares of Coca-Cola (stock symbol KO). (Both are listed on the NYSE.)
b. 100 shares of WD-40 (symbol WDFC-a Nasdaq National Market issue) or 100 shares of Nike (symbol NKE-a NYSE stock).
c. 150 shares of Walmart (symbol WMT) or 50 shares of Sears (symbol S). (Both are listed on the NYSE.) How many times did you pick the one that was worth more money? Did the price of any of these stocks surprise you? If so, which one(s)? Does the price of a stock represent its value? Explain.
Step by Step Answer:
Fundamentals Of Investing
ISBN: 9780136117049
11th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart