11-06-2016
Mathematics

Answered

A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?

Verified Answer :

metchelle metchelle

11-06-2016

If you will sell the 20 stocks you will gain $75 or $3.75 per stock. This is computed as follows:

35 1/4 - 31 1/2; 35.25 - 31.5 = 3.75
=3.75 x 20
=$75

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