Question

HOG is the stock symbol for Harvey. It was a penny stock which means WS expects the firm to disappear. But Harley turned around and it is among the great American turnaround stories. If you invested $10000 in Harley at 0.24/share, what would be today’s value?

Answer 1

$1,468,750

Step-by-step explanation:

The computation of the today value is shown below:

Let us assume that the today share price of Harley is $35.25

So, the today value would be

= (Invested amount × today share price) ÷ per share

= ($10,000 × $35.25) ÷ 0.24 per share

= $1,468,750

We find out by considering the today share price, invested amount and the per share