Question

Please be aware that your answer must include any commas or decimals in their proper places in order to be correct. Round to the nearest penny.
You invest $2,500.00 in a stock plan, buying 125 shares. If each share increases in value by 10%, how much is each share worth?

$
22
/sharePlease be aware that your answer must include any commas or decimals in their proper places in order to be correct. Round to the nearest penny.
You buy 200 shares at $15.25/share. Your investment gains 10% the first year, and then loses $1.00/share the second year. How much has your total investment increased by the second year?

$

Answer 1

1) Each share is worth $22.00/share.

2) Initial investment = 200 × $15.25 = $3,050.00.
After 10% gain price = $15.25 × 1.10 = $16.775; after $1.00 loss price = $16.775 − $1.00 = $15.775.
Final value = 200 × $15.775 = $3,155.00.
Increase = $3,155.00 − $3,050.00 = $105.00.