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QUESTION 6 of 10: You purchased 50 shares of a stock at $100 per share. Your stock value dropped 5% in one year. If the stock were to
continue to drop at the same rate for an additional half a year, what would be the total value of the stock at that time?
a) $2,448
b) $2.468
c) $4,630
d) $4,848

Respuesta :

tolaosunrinde

Answer:C

Explanation:

50 shares was purchased at 100 per share- cost of purchase = $5000

5% drop in year 1 = 5/100 x 100= $5; $100 is reduced to $95 per share

Another 5% drop in half year will further reduce share price to $92.5.

$92.5 per share multiply by 50 unit shares gives an approximate of $4,630

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