Question
Nina bought 1000 shares of two different stocks at $30 per share each. Over the next month, one of her shares increase to $50 while
Nina bought 1000 shares of two different stocks at $30 per share each. Over the next month, one of her shares increase to $50 while the other plunged to $15. She is in need of cash so she decided to sell off one of her stock. She decided to sell her $50 stock. Name the relevant theory of finance in this situation and what would happen to Nina according to this theory.
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
