Question

On October 31st AMZN (Amazon) stock closed at $133.09. Find the following:

a) If it closed on November 1st at $137.00 per share, what is the net change? $

b) Find the percent change (round to nearest tenth). %

c) If you invested $4250 in Amazon on October 31st at the closing price, how many shares can be purchased (round to the nearest hundredth)? shares

d) If on October 31st you invested a total amount of $6900, what percentage of your money is invested in Amazon (round to nearest whole percent)? %

Answer 1

a) The net change in the stock price from October 31st to November 1st is calculated by subtracting the closing price on October 31st from the closing price on November 1st:

Net change = $137.00 - $133.09 = $3.91

b) The percent change is calculated by dividing the net change by the closing price on October 31st and multiplying by 100:

Percent change = ($3.91 / $133.09) * 100 ≈ 2.9%

c) To determine the number of shares that can be purchased with a given investment amount, divide the investment amount by the share price:

Number of shares = $4250 / $133.09 ≈ 31.93 shares

d) To calculate the percentage of your total investment in Amazon, divide the amount invested in Amazon by the total investment and multiply by 100:

Percentage invested in Amazon = ($4250 / $6900) * 100 ≈ 61%