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Otrada [13]
1 year ago
11

if you bought 100 shares of AMC stock at $2 a share ($200 spent) and sold them for $15 a share, whats was your total return?

Mathematics
1 answer:
DaniilM [7]1 year ago
6 0

If you bought shares at a cost of $200 and you now sold them for $15 a share which means you've sold for;

15 x 100 = 1500

Your total return shall be

\begin{gathered} \text{Profit}=\text{Sales}-\text{Cost} \\ \text{Profit}=1500-200 \\ P\text{rofit}=1300 \end{gathered}

Your total return would be $1,300

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