Question

(Diversifying Portfolios MC)


Name of Stock Symbol High Low Close
Stock A A 105.19 103.25 103.38
Stock B B 145.18 143.28 144.05


Last year, an investor purchased 120 shares of stock A at $90 per share and 35 shares of stock B at $145 per share. What is the difference in overall loss or gain between selling at the current day's high price or low price?
The difference in overall gain is $299.30.
The difference in overall loss is $299.30.
The difference in overall gain is $293.90.
The difference in overall loss is $293.90.

Answer 1

The difference in overall gain is $293.90.