Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three years ago, before COVID, you purchased 100 shares of Netflix, INC (NFLX) stocks for $336.90 per share. Last Friday, 12/09/2022, you sold your Netflix

Three years ago, before COVID, you purchased 100 shares of Netflix, INC (NFLX) stocks for $336.90 per share. Last Friday, 12/09/2022, you sold your Netflix stocks for $320.01 per share. For this problem, ignore commissions that would be charged to buy and sell your Netflix shares and dividends you might have received as a shareholder.

1.What is the amount of profit or loss per share associated with your investment in Netflix?

2.What is the total amount of profit or loss for your Netflix investment?

3. What is the rate of return for this investment?

4.Do you think it was the right decision to sell your Netflix stocks? Briefly explain your response using the link provided below to access and analyze data related to the trend of Netflix stocks over three years before answering this question.

NFLX 320.01 +9.75 +3.14% : NETFLIX, INC. - MSN Money

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions