8.6 Stock Transactions

1. Five years ago, Julianne purchased stock for $9,433. Yesterday, she sold the stock for $10,219. What was her gross capital gain?

• $19,652

• $812

• $753

• $786

2. A few years ago, Mya bought 100 shares of a cologne company’s stock for $16.77 per share. Last month she sold all of the shares for $11.88 per share. What was her loss?

• -$4.89

• -$489

• -$28.65

• -286.50

3. In March of 2009, Jennifer bought shares of stock in the Pepsi-Cola Company for $47 per share. In December 2009, she sold them for $60 per share. Express the increase in price as a percent of the purchase price. Round to the nearest tenth of a percent.

• 25.7%

• 27.7%

• 22.7%

• 21.7%

4. Mike bought shares of a brand new corporation that manufactures dish antennas. He bought the stock years ago for $4,100. He recently sold this stock for $7,100. Express his capital gain as a percent of the original purchase price. Round to the nearest tenth of a percent.

• 73.2%

• 42.3%

• 75.6%

• 45.4%

5. Fran bought shares in a supermarket chain in early 2018 for $21.11 per share. She sold them later in that same year for $20 per share. Express her loss as a percent of the purchase price. Round to the nearest percent.

• -5%

• -6%

• 4%

• 7%

6. Jake bought 540 shares of Sound Foundations stock years ago for $44.50 per share. He sold them yesterday for $49.54 per share.

a. What was the percent increase in the price per share, rounded to the nearest percent?

• 9%

• 10%

• 11%

• 12%

6. Jake bought 540 shares of Sound Foundations stock years ago for $44.50 per share. He sold them yesterday for $49.54 per share.

b. What was the percent capital gain for the 540 shares, rounded to the nearest percent?

• 9%

• 10%

• 11%

• 12%

7. Maria purchased 1,000 shares of stock for $65.50 per share in 2003. She sold them in 2010 for $55.10 per share. Express her loss as a percent of the purchase price, rounded to the nearest tenth of a percent.

• -15.9%

• -18.9

• -19.2%

• -21.6%

8a. Complete the table.

• $2,000

• $3,000

• $4,000

• $5,000

8b. Complete the table.

• 13.2%

• 14.8%

• 15.7%

• 16.1%