FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given $10,000 to invest in XYZ stock. The stock currently has an ask price of $100 per share and a bid price of

You are given $10,000 to invest in XYZ stock. The stock currently has an ask price of $100 per share and a bid price of $90 per share. You place a market order using all of your money. Suppose the ask price of XYZ jumps to $150, and the bid price of XYZ jumps to $140. You then sell all of your stock. What is your rate of return?

Please show all work... Thanks!!

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: 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

Recommended Textbook for

Options Futures And Other Derivatives

Options Futures And Other Derivatives

Authors: John C. Hull

4th Edition

0130224448, 9780130224446

More Books

Students also viewed these Finance questions

Question

★★★★★
Respond to the following two statements: a. "MM say that investors are equally happy with a dollar of dividends and a dollar of capital gains. That's crazy. Everyone knows that dividends are stable...

Answered: 1 week ago

Question

★★★★★
Cover needed information. It is important to give employees information on the policies, work rules, and benefi ts of the company

Answered: 1 week ago

Question

★★★★★
Approximately 44% of school-age children with ASD may meet criteria for ID.

Answered: 1 week ago

Question

★★★★★
Water exerts pressure on the upstream face of a dam as shown in Figure. The pressure can be characterized by p(z) = pg(D - z) Where p(z) = pressure in pascals (or N/m2) exerted at an elevation z...

Answered: 1 week ago

Question

★★★★★
What are possible benefits of packet switched network ( choose 2 ) ?

Answered: 1 week ago

Question

★★★★★
no idea with this question Langford Company's Process Costing for the Month Ended August 31, 2017 Conversion Units Direct Materials Costs Standard cost per unit 5.80 CA 12.10 Work in process,...

Answered: 1 week ago

Question

★★★★★
The J.R. Ryland Computer Company is considering a plant expansion to enable the company to begin production of a new computer product. The company's president must determine whether to make the...

Answered: 1 week ago

Question

★★★★★
The retail positioning matrix is an analytical tool thatA ) positions retail outlets in terms of the breadth of product line and value addedB ) identifies the best location for building or leasing a...

Answered: 1 week ago

Question

★★★★★
Since understanding forces in our environment that either help or hinder the acquisition of human capital, answer the following: What are the internal and external factors that influence an...

Answered: 1 week ago

Question

★★★★★
Case D Mr. Smith was transferred from the Coronary Care Unit to a semi-private room in Hapless Hospital. He decided to leave the hospital because he did not like his new accommodations or having a...

Answered: 1 week ago

Question

★★★★★
Think about Goleman's 6 leadership styles, and discuss how you think Goleman's leadership styles relate to the 4 quadrants of EI and the leadership styles outlined in this leadership questionnaire....

Answered: 1 week ago

Question

★★★★★
=+enhance the message and target a specific audience? Ultimately, the tone of voice you choose and the delivery mechanism, such as

Answered: 1 week ago

Question

★★★★★
=+vernacular or regional expressions, are crucial in establishing a credible link with your consumer.

Answered: 1 week ago

Question

★★★★★
=+like ma'am, ya'll, or fuggetaboutit from Texas, the deep South, or New York

Answered: 1 week ago

Previous Question Next Question