Question

One year ago, on her 30th birthday, Nancy invested most of her savings in 20,000 ANZ.NZ...

One year ago, on her 30th birthday, Nancy invested most of her savings in 20,000 ANZ.NZ shares at $29.25 per share. She received a dividend of $0.80 per share. On April 25, she noticed that share prices have plunged and she quickly sold all of these shares at $17 per share.


a)   What was her dollar profit or loss per unit?

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Answer #1

a)

Profit or loss per share = Sales price – Purchase price + Dividend

                                     = $ 17 - $ 29.25 + 0.80

                                 = - $ 11.45

Dollar loss per share is - $ 11.45

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