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You Own 1000 Shares of Newstar Financial Stock,currently Trading for $57

Question 1

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 Amback Financial Group stock,currently trading at $63 per share.What is the value of this trade,if you choose to make it?


A) -$540
B) -$480
C) -$300
D) $280

Correct Answer:

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