Multiple Choice
You own 1000 shares of Newstar Financial stock, currently trading for $57 per share. You are offered a deal where you can exchange these stocks for 900 shares of Ausback Financial Group stock, currently trading at $63 per share. What is the value of this trade, if you choose to make it?
A) -$480
B) -$300
C) $280
D) -$540
Correct Answer:
Verified
Correct Answer:
Verified
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