Question

Intro to Investing Math Quiz
QUESTION 3 of 10: You purchased 50 shares of a stock at $100 per share. Your stock value dropped 5% in one year. If the stock were to
continue to drop at the same rate for an additional half a year, what would be the total value of the stock at that time?

Answer 1

Here is the answer your welcome

Answer 2

A stock is a financial instrument that reflects ownership of a portion of a company. The term 'shares' refers to stock units.

Total Value of the stock:$4625

Initial value of stock=50 shares each at $100=(50*100)=$5,000

Value drops at a rate of 5% in 1.5 years

The total value of the drop=(5/100)*5,000*1.5=$375

The total value after 1.5 years=initial value+the drop in value=5,000+(-375)

=$4,625

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