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Sagot :
To determine the gain or loss when selling the Zycodec stock at its current closing price, let's break down the problem step-by-step:
1. Determine the number of shares purchased:
- The stockholder purchased 25 shares of Zycodec.
2. Identify the purchase price per share (lowest price of the year):
- The lowest price for Zycodec over the past year was [tex]$29.39 per share. 3. Calculate the initial investment: - The initial investment is found by multiplying the number of shares by the purchase price per share. \[ \text{Initial Investment} = 25 \text{ shares} \times \$[/tex]29.39/\text{share} = \[tex]$734.75 \] 4. Identify the current closing price per share: - The current closing price per share for Zycodec is $[/tex]34.95.
5. Calculate the current value of the shares:
- The current value is found by multiplying the number of shares by the current closing price per share.
[tex]\[ \text{Current Value} = 25 \text{ shares} \times \$34.95/\text{share} = \$873.75 \][/tex]
6. Determine the gain or loss:
- The gain or loss is calculated by subtracting the initial investment from the current value of the shares.
[tex]\[ \text{Gain or Loss} = \$873.75 - \$734.75 = \$139.00 \][/tex]
Since the result is positive, it indicates a gain. Therefore, the stockholder made a gain of [tex]$139.00. Thus, the correct answer is: - The gain is \$[/tex]139.00.
1. Determine the number of shares purchased:
- The stockholder purchased 25 shares of Zycodec.
2. Identify the purchase price per share (lowest price of the year):
- The lowest price for Zycodec over the past year was [tex]$29.39 per share. 3. Calculate the initial investment: - The initial investment is found by multiplying the number of shares by the purchase price per share. \[ \text{Initial Investment} = 25 \text{ shares} \times \$[/tex]29.39/\text{share} = \[tex]$734.75 \] 4. Identify the current closing price per share: - The current closing price per share for Zycodec is $[/tex]34.95.
5. Calculate the current value of the shares:
- The current value is found by multiplying the number of shares by the current closing price per share.
[tex]\[ \text{Current Value} = 25 \text{ shares} \times \$34.95/\text{share} = \$873.75 \][/tex]
6. Determine the gain or loss:
- The gain or loss is calculated by subtracting the initial investment from the current value of the shares.
[tex]\[ \text{Gain or Loss} = \$873.75 - \$734.75 = \$139.00 \][/tex]
Since the result is positive, it indicates a gain. Therefore, the stockholder made a gain of [tex]$139.00. Thus, the correct answer is: - The gain is \$[/tex]139.00.
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