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Answer :
Final answer:
If Zeke bought stock at $21.20 per share and it's now $32, he should consider selling to potentially earn a profit of $10.80 per share, or $108 total for 10 shares before fees.
Explanation:
The question relates to the concept of buying and selling stocks, a subject covered in business mathematics. If Zeke has bought 10 shares of a company's stock at a price of $21.20 per share and the current price per share is $32, he should consider selling the assets because he stands to earn a profit from the transaction. The profit per share can be calculated as the difference between the current price and the purchase price. This means Zeke will earn a profit of $32 - $21.20 = $10.80 per share. If Zeke sells all 10 shares, his total profit would be 10 shares × $10.80 per share = $108, before considering any transaction fees.
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