You Own 1000 Shares of Newstar Financial Stock,currently Trading for $57

question 106

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

• A)-$540
• B)-$480
• C)-$300
• D)$280
• E)$600

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