Tori bought one share of Macy's stock on Nov 1, 2016 for $33.38.
Four years later, she sold it and the closing price for that day was
$5.09. a) How much money did she gain/lose with this stock?
b) What is her rate of return?

Respuesta :

Tori's loss from the stock will be $28.29 and her rate of return will be -84.75%.

Since Tori bought one share of Macy's stock on Nov 1, 2016 for $33.38 and she sold it and the closing price for that day was $5.09, her loss will be;

= $5.09 - $33.38

= -$28.29

Her rate of return will be:

= -28.29/33.38 × 100

= -84.75%

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