Question

Guest

how

The price of a particular share varies from day to day. On Monday the price of the share

wasE1.Tuesday's price was 209% higher than Monday'S, and Thursday's price was 25%

up on Wednesday's price. By the Friday of that week the price had returned to ま1.

Helen bought 1000 worth of this share on Monday and then sold 1hem on Thursday to
make a profit of ま350.

Paul bought 3000 worh of this share on Tuesday, but had to sell them the following
day.

   

Assuming that there are negligible costs associated with buying and selling these
shares, what was the retum on Paul's investment?

Answer 1

K

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