You buy 45 shares of Evu Confectioners at $63.12 apiece. Unfortunately, the company falls on hard times and you end up selling the stock for $41.20 per share. How much money did you lose?

First find the loss per share: $63.12 − $41.20 = $21.92. Then multiply by the 45 shares: 45 × $21.92 = $986.40. You lost $986.40, which is choice B.

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