A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4, which one of the following statements would be true? A. You'll make a profit of $15. B. You'll make a profit of $150. C. You'll suffer a loss of $150. D. You'll suffer a loss of $15.

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A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4. Profit = 25 1/4 = 20 1/4 = 101/4 - 81/ 4 = (20/4) = 5. Number of share = 30 , Total Profit = 30 *5 = $150. You'll make a profit of $150.

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Asked 1/1/2018 4:19:08 PM

Updated 328 days ago|9/8/2020 8:01:14 AM

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A share of stock in the Lofty Cheese Company is quoted at 251/4. Suppose you hold 30 shares of that stock, which you bought at 201/4. If you sell your stock at 251/4. Profit = 25 1/4 = 20 1/4 = 101/4 - 81/ 4 = (20/4) = 5. Number of share = 30 , Total Profit = 30 *5 = $150. You'll make a profit of $150.

Added 328 days ago|9/8/2020 8:01:14 AM

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