Question

A summary of two stocks is shown.

52W high 52W low Name of Stock Symbol High Low Close
37.18 29.39 Zycodec ZYO 39.06 32.73 34.95
11.76 7.89 Unix Co UNX 16.12 12.11 15.78


Last year, a stockholder purchased 40 shares of Zycodec at its lowest price of the year and purchased 95 shares of Unix at its highest price of the year. If the stockholder sold all shares of both stocks at their respective closing price, what was the overall gain or loss?

Answer 1

gain: 604.30

Explanation:

You want to know the overall gain or loss if 40 shares of Zycodec were purchased at 29.39 and sold at 32.73, and 95 shares of Unix Co were purchased at 11.76 and sold at 15.78.

Gain

The gain or loss is the product of the number of shares and the difference between the selling price and purchase price.

The gain for Zycodec is ...

40(34.95 -29.39) = 222.40

The gain for Unix Co is ...

95(15.78 -11.76) = 382.90

The overall gain is the sum of these:

222.40 +382.90 = 604.30 . . . . overall gain

__

Additional comment

The 52W high for UNX is indicated as 11.76, but the high for the last trading period is shown as 16.12, somewhat higher. Apparently, the 52 weeks don't include the last trading period.

<95141404393>