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You paid $100 for 50 shares of Nike stock last year and you watch its performance online every day while at work. One day, you
You paid $100 for 50 shares of Nike stock last year and you watch its performance online every day while at work. One day, you check the price before you go to lunch to find it selling for $117 per share. While at lunch, you hear breaking news that Nike founder Phil Knight is being sued for some unspecified reason and that analysts are downgrading Nike stock estimates to $90 per share next year. At what price will Nike be when you return from lunch and how much money will you have lost during your lunch break?
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