We appreciate your visit to Zeke bought 10 shares of a company s stock at a price of 21 20 per share He now sees that the price per share. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer:
Sell, 10.80
Step-by-step explanation:
PLATO Users be like
Thanks for taking the time to read Zeke bought 10 shares of a company s stock at a price of 21 20 per share He now sees that the price per share. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
Final answer:
With the potential decline in price, Zeke should sell his shares now to secure a profit of $10.80 per share because he bought the shares at $21.20 each and they're now priced at $32 each.
Explanation:
Zeke should ideally sell the shares because he stands to earn a profit of $10.80 per share from the transaction. The initial price per share that Zeke bought was $21.20 and it has now increased to $32. The difference between these two prices represents Zeke's profit per share, which is $32 - $21.20 = $10.80. Since the broker anticipates the price may decline in the future, selling now would be a strategic decision to maximize profit.
Learn more about Stock Selling here:
https://brainly.com/question/34438330
#SPJ2
