To determine the gain or loss when selling the stock at the current closing price, let's follow these steps:
1. Identify the purchase price per share and the current closing price per share:
- The lowest price of the year (52W low): \[tex]$29.39 per share.
- The current closing price: \$[/tex]34.95 per share.
2. Determine the total number of shares purchased:
- The stockholder purchased 25 shares.
3. Calculate the total purchase price:
- Total purchase price [tex]\[ = \text{number of shares} \times \text{purchase price per share} \][/tex]
- [tex]\[ = 25 \times 29.39 \][/tex]
- [tex]\[ = \$734.75 \][/tex]
4. Calculate the total current value:
- Total current value [tex]\[ = \text{number of shares} \times \text{current closing price per share} \][/tex]
- [tex]\[ = 25 \times 34.95 \][/tex]
- [tex]\[ = \$873.75 \][/tex]
5. Determine the gain or loss:
- Gain (since the current value is higher than the purchase price) [tex]\[ = \text{total current value} - \text{total purchase price} \][/tex]
- [tex]\[ = 873.75 - 734.75 \][/tex]
- [tex]\[ = \$139.00 \][/tex]
Therefore, the gain is [tex]\(\$139.00\)[/tex].
The correct answer is:
The gain is \$139.00 B
