You Own 50 Shares of Auto Corporation That You Purchased

question 14

Multiple Choice

You own 50 shares of Auto Corporation that you purchased for $30 per share. The stock is currently selling for $50 per share and you placed a stop loss order at $45. If the stock price drops to $35 per share, what is your return on this investment?

• A) -30.0%
• B) 16.7%
• C) 50.0%
• D) 66.7%
• E) 150.0%

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Definitions:

Chief Accountant

A senior financial officer responsible for overseeing the accounting and financial reporting operations within an organization.

Treasurer

An officer of a company or organization responsible for managing the institution's finances, including financial planning, cash management, and investment.

Controlling

In management, the process of setting standards, measuring actual performance, and taking corrective action to ensure objectives are achieved.

Operating Results

A summary of financial performance over a specific period, including revenues, expenses, and net income or loss.