Question
At the time you purchased 200 shares of HailStone the quoted prices were Ask $2.63 100 Bid $2.42 25 When yousold your 200 Hailstone shares
At the time you purchased 200 shares of HailStone the quoted prices were
Ask $2.63 100
Bid $2.42 25
When yousold your 200 Hailstone shares the quoted prices were
Ask $2.76 24
Bid $2.54. 16
No dividends were paid while you held the stock and inflation over the holding period was zero. You pay a $1 commission for each trade (i.e. each time you buy or sell). If there are no taxes, what do you consider to be the appropriate measure of your return for this investment?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
