An investor pays $65 plus .00675 on her investment of $3,000. She plans to purchase whatever she can get of the stock of Exercise 1 priced at $15.75. Find the net investment and how many shares she is able to purchase. Also calculate the yield on investment.
Exercise 1
A man invested in 500 shares of a local business stock selling for $15.75 a share. A while later he sold half of his shares at $17.25. Calculate his investment rate of return and his capital gain.