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Answer :
Final answer:
Zeke should sell his stocks because he can earn a profit of $10.80 per share, indicated by option (b. Sell, $10.80). To calculate the profit, subtract the purchase price from the current price, resulting in $10.80 profit per share.
Therefore correct option is B
Explanation:
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 of his investment is $32.00. If the price of the shares may see a decline in the future, Zeke should ideally sell the assets because he stands to earn a profit of $10.80 per share from the transaction. Therefore, the appropriate choice is (b. Sell, $10.80).
The profit per share is calculated by subtracting the purchase price per share from the current price per share:
Profit per share = Current price per share - Purchase price per share
= $32.00 - $21.20
= $10.80
Since Zeke is advised that the stock's price might decline, securing his profits by selling now would be a prudent decision.
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