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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, which one of the following statements would be true? A. You'll make a profit of $150. B. You'll suffer a loss of $15. C. You'll suffer a loss of $150. D. You'll make a profit of $15.
s
A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, You'll make a profit of $150. =25 1/4 - 20 1/4 = $5; Profit = 30 ($5) = $150.
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Asked 3/25/2018 6:19:14 AM
Updated 280 days ago|2/28/2020 8:16:19 PM
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A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, You'll make a profit of $150.

=25 1/4 - 20 1/4 = $5;
Profit = 30 ($5) = $150.
Added 280 days ago|2/28/2020 8:16:19 PM
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