Answer:
Step-by-step explanation:
5. (a)
% increase = (new number - original number) / original number) * 100
= ((39.01 - 33.50) / 33.50) * 100
= (5.51 / 33.50) * 100
= 0.1644 * 100
= 16.44 rounds to 16.4% increase <==
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(b).
total purchase price...he bought 450 shares for 33.50 per share..
450 * 33.50 = $ 15,075 <==
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(c) total selling price...he sold 450 shares for 39.01 per share...
450 * 39.01 = $ 17,554.50 <==
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(d) percent capital gain..
% cap gain = (sold for - paid for) / paid for ) * 100
= (17,554.50 - 15,075) / 15,075) * 100
= (2479.50 / 15,075) * 100
= 0.1644 * 100
= 16.4% gain <===
