Question

Need help with an economics assignments regarding stocks?

Answer 1

@Shadow do you know anything about finance/stocks?

Answer 2

well, first step is to pick a company (I would suggest a large, public company like apple or google or whatever to find the best data available)

now, you will need to look up the stock price for this company about 1 year ago from today, I believe a website like yahoo finance might have the data

Answer 3

Okay I have that

Answer 4

may I know what company you picked and what is the stock price from one year ago?

Answer 5

I chose the company Apple. The stock price of apple right now is 174.14. One year ago it was 170.25

Answer 6

awesome, so divide 1,000 / (the stock price from one year ago

to find out how many stocks you could have bought back then

Answer 7

1. Why did you think buying this stock would be a good idea?
I think buying this stock would be a good idea because Apple is a big company and has many investments which would make this stock interesting to buy.

Answer 8

for #1 i wrote this

Answer 9

oh yeah I forgot aboutt that, yeah that's a good answer

Answer 10

1,000 / 170.25

Answer 11

5.87

Answer 12

good, and that equals 5.8 something and the problem says to round to the nearest whole number, so 6

Answer 13

now take this number (6) and multiply by the current stock price

Answer 14

6*174.14=1,044.84

Answer 15

awesome, so this number is greater than 1,000 so for 3) we would say no, we would have not made more money by selling sooner

Answer 16

for the write a journal entry part, do you think the questions is it??

Answer 17

well a "journal entry" would imply complete sentences, so I guess just take the info from questions 1-3 and write a small paragraph? :S idk

Answer 18

Yeah thanks ! =)

Answer 19

I am starting to get a bit sleepy is there anything else to this assignment?

Answer 20

just last thing, I am writig the journal entry ,dotn need help on that.... just about the 6 here would it be dollars?

Answer 21

6 is the number of shares, not dollars

according to our calculations the current value of your stock is $1,044.84 which means you would have made 1,044.84 - 1000 = $44.84 on your investment

Answer 22

cool, thanks thats all. Thank yoou once again for helping me so much . I cant thank you enough. Have a great night and sweet dreams