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NEW QUESTION: 1
Refer to the following chart
At the beginning of July, an investor bought 40 shares of Ardent stock, and then held all 40 shares until
the end of December, at which time the investor sold all 40 shares. The investor's profit upon the sale of
these 40 shares amounted to approximately
A. $1,100
B. $1,400
C. $980
D. $1,300
E. $850
Answer: B
Explanation:
The investor paid about $800 for 40 shares of Ardent stock (priced at about $20 per share),
and then sold those 40 shares for about $2,200 (priced at about $55 per share).
Accordingly, the investor's profit amounted to approximately $1,400.
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Answer:
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