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In April 2007, Sandi sold 1,600 shares of Federal Express at $105.00 per share. In May 2009, the stock reached a low during the Great
In April 2007, Sandi sold 1,600 shares of Federal Express at $105.00 per share. In May 2009, the stock reached a low during the Great Recession and was selling for $32.00 per share. Sandi used the proceeds from the 2007 sales and repurchased Federal Express at $32.00 per share in May 2009. What is the value of Sandi's stock holdings in Federal Express if the shares are selling for $91.00 today?
A. 168,000
B. 239,000
C. None of these
D. 51,200
E. 477,750
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