Question

Suppose you purchased 105 shares of Ferber stock on Day 1 at the high price. What is the return on your investment, if you sold the stock on Day 5 at the high price?

43.25%
37.34%
45.14%
30.19%

i got a but i just want to make sure i'm doing it right.

Answer 1

this is the chart. i did \[(final value-initial investment) / (initial investment)\] and final value = what the stock made on day 5 and initial investment =what the stock made on day 1. is this right?

Answer 2

@jim_thompson5910

Answer 3

hmm I don't see "Ferber" on the table

Answer 4

oops i uploaded the wrong picture one sec

Answer 5

oh ok, makes more sense now lol

Answer 6

sorry about that :/

Answer 7

yes you have the right formula/idea

what answer do you get?

Answer 8

A: 43.25%

Answer 9

you nailed it

Answer 10

thank you! :)

Answer 11

you're welcome