Answer:
Explanation:
You buy 45 shares of See's Candies at $63.12 per share. The total amount that you spent on buying the shares will be the number of shares that you bought × the price per share. It becomes
Total cost of share = 63.12×45 = $2840.4
You ended up selling the stock for $41.20 per share. This total amount for which you sold the shares is the number of shares sold × the rate at which it was sold. It becomes
Total amount of sold shares = 41.2×45 = $1854
Amount of money lost is
2840.4 - 1854 = $986.4