If 2,500 shares of stock are purchased for $90 per share and are sold one year later for $82 per share, what is the net gain or loss on sale? (Assume that there are no transaction costs.)

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Quizplus · Accepted Answer

The shares were purchased for $90 each and sold for $82 each, resulting in a loss of $8 per share. For 2,500 shares, the total loss is 2,500 shares * $8 = $20,000.

If 2,500 Shares of Stock Are Purchased for $90 Per