Question

You sell 300 shares of Dendreon Corp at $8.89. You purchased the stock at $42.87. How much money did you lose?

O $42.87
O $8.89
$2,667
O $10,194
$12,861

Answer 1

42.87 if you where to multiply 300 shares by $8.89 if would give you 2,667 and if you where to subtract $42.87 from 2,667 it would give you 2,624.13 and then subtract 2,667 from 2,624.14 it would give you 42.87 and that is your answer :)