3
QuizMultiple Choice

Home Ownership — Cumulative exam

Question 3 • Financial Math - MA2007

Elly buys 75 shares of stock in a mutual fund for a total investment of $450. She sells 50 shares of her stock for total proceeds of $400. Determine if Elly made a profit or loss, and how much per share.

Answer
A
loss of $0.67 per share
B
loss of $2 per share
C
profit of $0.67 per share
D
profit of $2 per share
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