Buying and Selling Stock Answers

Consider today’s stock listing for Enam Telecom, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change122.8664.77ENM3.4599.144.74If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.a.$4.74b.$0.72c.$0.49d.$1.34

Consider today’s stock listing for Rayje Clothiers, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change225.80169.96RAJ25.10200.4313.74Today, you sold the 459 shares of Rayje Clothiers that you purchased yesterday. How much profit did you make?a.$13,985.73b.$11,520.90c.$5,338.17d.$6,306.66

Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel’s broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar?a.$20,459b.$51,933c.$14,661d.$8,859

Catherine bought 355 shares of Trochel Office Supplies at $31.29 per share. Several months later, the price went up and she sold them at $49.88 per share. How much profit did Catherine make?a.$28,815.35b.$17,707.40c.$6,599.45d.$11,107.95

Yesterday, stock in Chambers Translation sold for $87.19 per share. Today, the same share costs $95.45. How would the net change appear in a stock listing?a.1.09b.-1.09c.8.26d.-8.26

If you sell 225 shares of Dryas Security at $5.12 per share and 340 shares of Cilla Shipping at $12.43 per share, how much money will you receive, to the nearest dollar?a.$1,152b.$5,378c.$4,226d.$3,074

Cassie’s broker charges her a commission of $4.25 for every ten shares of stock bought or sold. Cassie buys 92 shares of Hyren Airlines, 130 of Giaco Household Goods, and 126 of Iwad Records. Hyren Airlines costs $13.70 per share, Giaco Household Goods costs $3.28 per share, and Iwad Records costs $8.06 per share. To the nearest dollar, how much money did Cassie spend in total?a.$3,851b.$2,850c.$2,702d.$2,551

Your broker charges a commission of 5.1% of the cost of the stock you sell. If you sell a batch of stocks worth $2,617.75, how much commission will you owe your broker?a.$133.51b.$513.28c.$110.56d.$392.66

Stock in Globin Publishing costs $8.72 per share. Mary buys 105 shares of Globin Publishing through her broker, who charges her a commission of $348. How much did Mary pay in total to purchase the stock? a. $468.41 b. $915.60 c. $1,263.60 d. $3,139.56 Please select the best answer from the choices provided

What is the “Yield %” which sometimes appears in stock listings?a.The % that the stock price has changed from the previous day.b.The % of the shares of stock owned by the largest shareholder.c.The % of shares of the stock owned by the board of directors.d.The % of the stock price offered as a dividend.