Consider the hypothetical scenario below: Date Close Adj Close Purchase Date 1 59.36 8.53 Sale Date 1 61.56 9.32 Purchase Date 2 73.33 23.58 Sale Date 2 54.26 37.86 You had $37,930 to invest in a stock when it first became public, and purchased only whole shares at the close price. You then sold the stock shortly thereafter due to it not performing as you expected. Following closely, you noticed the stock began to improve so you used the proceeds of the previous sale to buy (whole) shares again on a later date at the close price. Feeling good about your investment, you sold the stock again. How much money did you receive from the final sale?

Consider the hypothetical scenario below: Date Close Adj Close Purchase Date 1 59.36 8.53 Sale Date 1 61.56 9.32 Purchase Date 2 73.33 23.58 Sale Date 2 54.26 37.86 You had $37,930 to invest in a stock when it first became public, and purchased only whole shares at the close price. You then sold the stock shortly thereafter due to it not performing as you expected. Following closely, you noticed the stock began to improve so you used the proceeds of the previous sale to buy (whole) shares again on a later date at the close price. Feeling good about your investment, you sold the stock again. How much money did you receive from the final sale?

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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