Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cell F7 tells whether or not we own or not own a stock at the beginning of a day Cell G7 gives the price of

Cell F7 tells whether or not we own or not own a stock at the beginning of a day Cell G7 gives the price of the stock at the end of the day. We decide whether to buy the stock, sell the stock or take no action based on the following rule:

If end price >=$50 and we own stock we will sell.

If end price <=$35 and we do not own the stock we will buy.

Otherwise we take no action.

Choose the formula that will correctly implement this strategy.

A. IF(AND(F7="not own",G7>=50),"sell",IF(AND(F7=" own",G7<=35),"buy","none"))

B. IF(AND(F7="own",G7>=50),"sell",IF(AND(F7="not own",G7<=35),"buy","none"))

C. IF(AND(F7="own",G7>=50),"sell",IF(AND(F7="not own",G7<=35),"sell","none"))

D. IF(F7="own",G7>=50),"sell",IF( (F7="not own",G7<=35),"buy","none"))

E. None of the above

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

Step: 3

blur-text-image

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

Finance And Democracy Towards A Sustainable Financial System

Authors: Alessandro Vercelli

1st Edition

3030279111, 978-3030279110

More Books

Students also viewed these Finance questions