Question

A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20 shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following would be true?

Answer 1

If you will sell the 20 stocks you will gain $75 or $3.75 per stock. This is computed as follows:

35 1/4 - 31 1/2; 35.25 - 31.5 = 3.75
=3.75 x 20
=$75