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3 years ago

Maurice bought 25 shares of stock at $9.85 per share and sold them for $11.22 per share.

Business

2 answers:

Elan Coil [88]3 years ago

7 0

Solution: 25 × $9.85= $246.25 purchase price

25 × $11.22 = $280.5 sale price

$280.5 – $246.25 = $34.25 profit in dollars

$34.25 ÷ $246.25 = 0.139 = 13.9% ROI

AveGali [126]3 years ago

5 0

What's the question? This is just a statement.

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3 years ago

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Answer:

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Explanation:

If Initial cost is $5,200

Year Cash flow Present value Present value Discounted

at 11% Cumulative cash flow

0 -5,200 1 -5,200 -5,200

1 2,800 0.9009 2,523 -2,677

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Working

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