Answered step by step
Verified Expert Solution
Question
1 Approved Answer
12:57 Safari Done 6 of 6 Read and answer the questions Stocks The investor buys parts of a company which are called shares. . When
12:57 Safari Done 6 of 6 Read and answer the questions Stocks The investor buys parts of a company which are called "shares." . When the company does well, the investor makes money. If the company does hadly, the investor loses money. Some companies will pay their employees with stocks, instead of money. All stocks are risky, but some are safer than others. Last year Jose had about $2,000 that he wanted to invest. He liked the company Microware and read about it a lot in the newspaper He decided that buying shares of Microware would be a good investment for him He contacted an investment company that helped him to buy 50 shares at So each "Shares, often called stocks or shares of stock, represent the equity unership of a corporation divided up into units, so that multiple people can oun a percentage of a business." Now, the shares are worth $48 each. Jose's investment is now worth $2400 1. If Microware shares are worth $52 cach, how much would Jose's investment be worth? 2. If Microware shares are worth $37 each, how much would Jose's investment be worth? ini
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started