Question
41. List the closing price of the stock for 3 different points in time and calculate gain or loss: a. Initial selection date: 2/1/2022
41. List the closing price of the stock for 3 different points in time and calculate gain or loss: a. Initial selection date: 2/1/2022 b. Intermediate date: 3/1/2022 c. Final selection date: 4/4/2022 $20.66 $16,70 $16.59 d. If you had invested $5,000 on February 1, what would be your gain (loss) be if you sold on April 4? (Method: Divide $5,000 by the initial stock price to find the number of shares "purchased". Multiply the number of shares by the final stock price. Subtract $5,000 from the final value to find the gain or loss.) Investment Amount: Multiplied by Stock Price at 2/1/22: Equals # of Shares Purchased: Multiplied by Value of Shares at 4/1/22: Equals Ending Market Value: Gain or Loss (Ending Market Value - $5,000): $5,000 H $
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