Greg Purchased Stock in Bear Stearns and Co

question 72

Multiple Choice

Greg purchased stock in Bear Stearns and Co.at a price of $89 per share one year ago.The company was acquired by JP Morgan at a price of $10 per share.What is Greg's return on his investment?

• A)-88.76%
• B)-96.25%
• C)-79.00%
• D)-85.45%

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Definitions:

Calculate

To determine mathematically the amount or number of something.

Result

The outcome or consequence of an action, experiment, or process.

Numerator

The top number in a fraction that indicates how many parts of the whole or group are being considered.

Denominator

The bottom number in a fraction, indicating into how many parts the whole is divided.