A Share Of Stock In The Lofty Cheese Company
A Share Of Stock In The Lofty Cheese Company
One share of Lofty Chase Company is trading at 25 1/4. Suppose you own 30 of these shares. 3
One share of Lofty Chase Company is trading at 25 1/4. Suppose you have 30 shares that you bought in 20 1/4. If you have sold your 25 1/4 inventory, which of the following is correct?
A. You make a profit of 150.
B. You lose $ 150.
C. You lose $ 15.
D. You make $ 15 profit.
A. Profit of $ 150.
What ???
You buy 30 shares (or whatever!) At $ 201/4 each and sell 30 shares at 25 1/4.
That's $ 5 per share, so the total profit is 30 x $ 5 = $ 150.
Unless it's a trick question.
Of course, you should reduce your buying and selling costs.
What is the most interesting thing to mention?
