Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. part a, a year ago, rebecca purchased 100 shares o

part A, A year ago, Rebecca purchased 100 shares of Havad stock for $25 per...

60.1K

Verified Solution

Question

Finance

part A, A year ago, Rebecca purchased 100 shares of Havad stock for $25 per share. Yesterday, she placed a limit order to sell her stock at a price of $30 per share before the market opened. The stocks price opened at $29 and slowly increased to $32 in the middle of the day, before declining to $28 by the end of the day. The stock did not pay any dividends over the period in which Rebecca held it. What was Rebeccas return on her investment?

part B, Explain how the results in Problem part A would be different if Rebecca had placed a limit order of $33.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students