3 years ago

Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The

Business

1 answer:

VashaNatasha [74]3 years ago

7 0

Answer:

A) -87.50%

Explanation:

The computation of the return on the investment is shown below:

= (Acquired price by JB Morgon - purchase price per share) ÷ (purchase price per share)

= ($11 per share - $88 per share) ÷ (88 per share)

= - ($77 per share) ÷ (88 per share)

= -87.50%

We simply take the difference of the price and then divide it with the purchase price per share so that the correct percentage can come.

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