You believe that QED stock may be a good investment and decide to buy 100 shares at
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You believe that QED stock may be a good investment and decide to buy 100 shares at $40. You subsequently buy an additional $4,000 worth of the stock every time the stock’s price declines by an additional $5. If the stock’s price declines to $28 and rebounds to $44, at which time you sell your holdings, what is your profit? (Assume that no fractional shares may be purchased.)
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Dollar cost averaging Price of the Number of Shares Cost of Stock Stoc...View the full answer
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