Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Greg's return on his investment?
A) -87.50%
B) -113.75%
C) -100.62%
D) -96.25%

Name: Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The company was acquired by JP Morgan at a price of $11 per share. What is Greg's return on his investment? A) -87.50% B) -113.75% C) -100.62% D) -96.25%
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

The Answer is A

Greg Purchased Stock in Bear Stearns and Co