Question
Assume you have $6,000 to invest in two stocks ($3,000) for each. Select two stocks from the finance section of the newspaper (or from the
Assume you have $6,000 to invest in two stocks ($3,000) for each. Select two stocks from the finance section of the newspaper (or from the internet). Record the purchase price of your stock as of the close price listed in Monday's paper then track the high and low price each day for each stock for one week. List these prices for every day of the week. Sell your stock at the close price listed in the next Monday's newspaper. Show all of the stock activity, and compute your gain or loss for each stock. Show how many shares you could purchase of each stock for the sum of $3,000 and show the amount that remains uninvested for the week (For example: If shares cost $20 then you can purchase 150 shares and spend the entire $3,000 but if shares cost $36.75 then you can purchase 81 shares and spend $2,976.75 of the $3,000 and choose to leave $23.25 uninvested) [Note: Gain = Sales price - original cost]
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