Question

13. Last year, Stacy purchased 81 shares of Stock A at $55 per share, 64 shares of Stock B at $57 per share, and a ten-year $3500 bond with a 6.16% coupon for $3100. Stacy sold both stocks today. Stock A is worth $61 per share and Stock B has a value of $63 per share. Assuming neither stock paid a dividend, which investment has the highest rate of return?

A.) Stock A
B.) Stock B
C.) Bond
D.) Stock A and Stock B

Answer 1

She bought stock A for 4,840, stock B for 3,648, bond for 3,100

She sold A for, 4,941 = 101 profit, stock B for 4,032 = 384 profit.

I would assume the answer would be B.

Answer 2

Stock A

Explanation:

just took the test.