Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Questions 7 and 8, thank you. 7. Bali purchases 75 shares of a stock for $3775. In 7 years, he sells the stock for $3.19019.

Questions 7 and 8, thank you. image text in transcribed
7. Bali purchases 75 shares of a stock for $3775. In 7 years, he sells the stock for $3.19019. He calculates his ROI, shown below. Did he do this correctly? If not, what error did he make? (?point 3775(75)-31901,-127%ROI 37.775) Yes, he solved it correctly O No, he divided by the wrong number. O No, he should have a positive ROL O No, he incorrectly calculated his initial investment. 8. List the foliowing stocks and bonds in order from highest default risk to lowest default risk ( point) . A municipal bond in a city with a population of 150,000 . A common stock in a company under federal investigation . A preferred stock in a 150-year old firm with good business practices municipal bond, common stock, preferred stock O municipal bond, prefenred stock, common stock O common stock, preferred stock, municipal bond O common stock, municipal bond, preferred stock Q Heather nterhaud a five-rear $4 son hond helow nar valne for S3 625 with a ronnon of 7% minn

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_2

Step: 3

blur-text-image_step3

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

More Books

Students also viewed these Finance questions