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Greg purchased 876 shares of Bear Stearns and Co. at a price of $84 per share one year ago. Today, the company was acquired by
Greg purchased 876 shares of Bear Stearns and Co. at a price of $84 per share one year ago. Today, the company was acquired by JP Morgan at a price of $10 per share.
(a)What is Greg's profit/loss (in $) from the investment?
$
(b)What is the return on his investment as a percent? (Round your answer to two decimal places.)
%
(c)Using your answer in part (b), calculate Greg's profit/loss (in $) if he had purchased 2,135 shares. (Round your answer to the nearest integer.)
$
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