You Own 1000 Shares of Newstar Financial Stock, Currently Trading

question 77

Multiple Choice

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 Ausback Financial Group stock, currently trading at $63 per share. What is the value of this trade, if you choose to make it?

• A) -$480
• B) -$300
• C) $280
• D) -$540

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