Greg purchased stock in Bear Stearns and Co.at a price of $89 per share.The company was acquired by JP Morgan at a price of $10 per share.What is Greg's return on his investment?
A)-88.76%
B)-96.25%
C)-79.00%
D)-85.45%
E)-90.21%

Question

Quizplus · Accepted Answer

Greg's return on investment can be calculated using the formula: [(Final Value - Initial Value) / Initial Value] * 100. So, [(10 - 89) / 89] * 100 = -88.76%.

Greg Purchased Stock in Bear Stearns and Co