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You Buy 100 Shares of Stock at $40 Per Share

question 50

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You buy 100 shares of stock at $40 per share on margin of 40 percent.If the price of the stock rises to $60 per share what is your percentage gain in equity? Disregard interest costs.


Definitions:

Stroop Effect

A demonstration of cognitive interference where the brain's reaction time slows down when the color of a word doesn't match the name of the color.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic or decision.

Availability Heuristic

A cognitive shortcut based on easily recalled examples when judging a specific area, notion, practice, or decision-making process.

Base-Rate Information

This term relates to how often an event occurs within a general population.

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