You own 1000 shares of Newstar Financial stock, currently trading for $57 per share. You are offered a deal where you can exchange these stocks for 900 shares of Amback Financial Group stock, currently trading at $63 per share. What is the value of this trade, if you choose to make it?
A) -$320
B) -$340
C) -$300
D) $300

Question

Quizplus · Accepted Answer

C) (-57 × 1000) + (900 × 63) = -$300

You Own 1000 Shares of Newstar Financial Stock, Currently Trading