FST Stock Quiz Review
Name _____________________
Answer the following questions. Show all work
1.
Sue invests $12,000 in a partnership that has six other partners. The total
investment of the partners is $450,000. What percent of the business is owned by
the six other partners?
2. Jillian owns 60% of the stock in a private catering corporation. There are 1,200
shares in the entire corporation. How many shares does Jillian own?
3. Two partners are starting a wedding planning business. The total investment is
$45,000. Their investments are in the ratio 4:5. How much does each investor
contribute?
4. Six equal partners own a local pizzeria. The partners have made a tremendous
profit and bought many personal items such as cars, boats, new homes and so on. In
order to protect their personal possessions, they decide to incorporate the
pizzeria, so that the six partners own shares in the corporation and have limited
liability. The business is worth $675,000. After an accident, the partners lose a
lawsuit and have to pay $1.2 million in damages. How much money will each partner
personally lose to pay for this lawsuit? Explain.
Use the following information posted at the end of the trading day on October 10
for McDonald’s to answer questions 5-7:
52 wk high
52 wk low
Symbol
Last
63.69
46.64
MCD
58.35
Change
-0.55
Sales of 100s
106,077
High
58.77
Low
57.42
5. What is the difference between the day’s high and low prices for McDonald’s
Corporation?
6. Determine the volume for McDonald’s stock.
7. Determine the closing price on October 9 for McDonald’s stock.
8. Kevin knows that General Electric has the ticker symbol GE. What can Kevin learn
from the following line of symbols: GE 12K @ 73.72
0.55 ?
9. Kevin bought 125 shares of stock for $68.24 per share. He sold them nine months
later for $85.89 per share. What was his capital gain?
10. Allison bought shares of Citigroup Corporation in early 2007 for $55 per share.
She sold them later that year for $35 per share. Express her loss as a percent of
the purchase price. Round to the nearest percent.
11. Yolanda purchased stock for $7,000 and paid a 1.5% broker fee. She sold it for
$6,325 and paid a 0.5% broker fee. Compute her net proceeds.