The Uniform Commercial Code was written to achieve consistency in?
1 answer:
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Answer:
The percentage loss will be "-9.08%". The further explanation is given below.
Explanation:
The given values are:
Invested amount
= 20,000
Price of purchase
= $66
Total number of shares
= 500
The borrowed amount will be:
=
=
When the price increase to 69.63, the gain will be:
=
= ($)
The total gain will be:
=
=
Increase in percentage will be:
=
= %
Whereas if price stays quite well at $66, there is really no increase, so the percentage growth would be 0%.
If the price declines toward a loss of 62,37 per share:
=
=
Now,
The total loss will be:
=
=
The percentage loss will be:
=
= (%)