Math in the Workplace - Numbers & Operations
KEY BANK
Financial Services
Vice President
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Job Description: Providing commercial loans, leases, derivative products and cash management. |
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Problem:
Determine the gain on the investment.
Stock is purchased @ $211/4 per share
Stock is sold @ $341/8 per share
Shares owned: 1,280
 KEY BANK
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Solution:
341/8 - 211/4 = 34.125 - 21.25 = 12.875
(the difference between selling price and buying price/share)
$12.875 x 1280 shares of stock = $16,480 gain