Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0.0/5.0 points (graded) Date Amazon Microsoft 1/3/2017 753.67 62.58 1/3/2018 1204.2 86.35 Given the price history above, suppose you bought 1 share ofAmazon and Microsoft

image text in transcribed
0.0/5.0 points (graded) Date Amazon Microsoft 1/3/2017 753.67 62.58 1/3/2018 1204.2 86.35 Given the price history above, suppose you bought 1 share ofAmazon and Microsoft stocks on 1/3/2017 and sold one year later on 1/3/2018. Assuming both stocks do not pay dividends and have no stock splits, what are the simple returns of each stock and which had a higher return for the year? A A. Amazon -37.41%, Microsoft 37.98%. Microsoft had higher return for the year . B. Amazon 37.41%, Microsoft 27.53%. Amazon had higher return for the year A C. Amazon 59.78%, Microsoft 37.98%. Amazon had higher return for the year A D. Amazon -37.41%, Microsoft -27.53%. Microsoft had higher return for the year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: W. Keith Nicholson

7th Edition

978-0070985100, 70985103

More Books

Students also viewed these Mathematics questions