Question

The following table displays hypothetical stock quotations. Use the information in the table to answer the questions that follow. "Last price for the y *Net change in price from previous day **year-to-date percentage change in stock price of the three stocks listed, a retiree who lives partially off of investment income would be best off hoiding because of its You can calculate that NewLfeMutual had per-share earnings for the most recent 12 -month period of If you had purchased 100 shares of swElec stock yesterday at the last price of the day, you would have you sold all 100 shares at the last price today.

Answer 1

1. Net profit from the Nike stock transaction: $15,230.02. 2. Net profit from the Panda Express stock transaction: $7,790. 3. Net profit from the Wal Mart stock transaction: $27,887.01.

Step-by-step explanation:

1. Net profit from the Nike stock transaction:

Profit = (Current price per share - Purchase price per share) * Number of shares - Transaction fee

= ($39.75 - $24.50) * 1000 - $9.99

= $15.25 * 1000 - $9.99

= $15,240.01 - $9.99

= $15,230.02

Therefore, the net profit from the Nike stock transaction is $15,230.02.

2. Net profit from the Panda Express stock transaction:

Profit = (Current price per share - Purchase price per share) * Number of shares - Transaction fee

= ($23.25 - $13.50) * 800 - $10

= $9.75 * 800 - $10

= $7,800 - $10

= $7,790

Therefore, the net profit from the Panda Express stock transaction is $7,790.

3. Net profit from the Wal Mart stock transaction:

Profit = (Current price per share - Purchase price per share) * Number of shares - Transaction fee

= ($58.75 - $35.50) * 1200 - $12.99

= $23.25 * 1200 - $12.99

= $27,900 - $12.99

= $27,887.01

Therefore, the net profit from the Wal Mart stock transaction is $27,887.01.