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Suppose you own 10 stocks of Nike. If the price of Nike stock drops by $5, then how much money have you lost? Please help

Suppose you own 10 stocks of Nike. If the price of Nike stock drops by $5, then how much money have you lost? Please help
198k views
17 votes
Suppose you own 10 stocks of Nike. If the price of Nike stock drops by $5, then how much money have you lost?

Please help

User Hazimdikenli
by
7.5k points

2 Answers

4 votes

Answer:

50

Explanation:

User Eterps
by
8.2k points
4 votes

Answer:

50$

Explanation:

5x10 is 50 because you have 10 shares and each drops by 5 dollars, you would loose 50$

User Angeant
by
8.2k points
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