Final answer:
Whether 200 shares of Penny's Pickles are worth more than 1 share of Exxon depends on the current market value per share of each company. To evaluate the worth of stock investments and calculate net profit, one must consider the purchase and sale prices, as well as associated transaction fees. Stocks can be bought through a brokerage firm or online platform, and portfolio diversification is important for risk management and potential gains.
Step-by-step explanation:
To determine which stock investment is 'worth more,' we need to look at the current market value of the shares from Penny's Pickles and Exxon. For the sake of this explanation, let's consider three recent stock investments to illustrate how to calculate the net profit from each stock transaction:
- Nike: 1000 shares purchased at $24.50, sold at $39.75. The transaction cost is $9.99. Net profit calculation: (1000 × $39.75) - (1000 × $24.50) - $9.99
- Panda Express: 800 shares purchased at $13.50, sold at $23.25. The transaction cost is $10. Net profit calculation: (800 × $23.25) - (800 × $13.50) - $10
- Wal Mart: 1200 shares purchased at $35.50, sold at $58.75. The transaction cost is $12.99. Net profit calculation: (1200 × $58.75) - (1200 × $35.50) - $12.99
You can purchase stocks through a brokerage firm or an online trading platform. It is important to diversify your portfolio to spread risk and potentially increase gains by investing in different companies or industries.