Journal Entry

User Generated

znttvr0714

Business Finance

Description

This is the week you have been waiting for – to see if you are walking home a ‘pretend’ millionaire, or whether you would be finding a side job to recoup your losses.

  1. Record the current price of the stock for each company you selected in Week 3’s Stock Journal. You may use any price during this week (e.g., day one price, the opening, the low, the high, the close, or any price you find when you check it during the day). Using a MS Excel spreadsheet or MS Word document, put your Week 8 and Week 10 stock prices side-by-side, to show the comparison.
  2. Determine the total value of your investment.
  3. Provide your final opinion / assessment of your investments. Did you make money or lose money? Discuss your results and, based on hindsight, describe what you would do differently.
  4. Discuss what you learned from this assignment. Do you believe this assignment will help you in the future in any way?

Unformatted Attachment Preview

The first company I want to purchase stock in is Rite Aid, symbol RAD. I will invest $10,000 into shares of the company. The reason I picked Rite Aid is because they are selling half of their stores to Walgreens which is letting them pay down their debt. I also saw that Amazon might want to purchase Rite Aid as well. The second shares I will purchase are shares in gold mining company Barrick gold Corporation, symbol ABX. I will invest $7500 into ABX because if the stock market goes down gold is said to be safe, and with the stock market at all-time highs, what goes up must come down. The last stock I chose was a stock paying a dividend, Barnes and Noble, symbol BKS. I will invest the remaining $7500 into this company simply for the fact there aren’t too many places where booklovers can go in an atmosphere Barnes and Nobles provides. Rite Aid shares are $2.53 so investing $10,000, I’ll have 3952 shares with a total purchase price of $9,998.56. Barrick Gold shares are $16.15. After investing $7500, I’ll be buying 464 shares for a total price of $7493.60. With the remaining $7507 and Barnes and Noble at $7.45, I’m able to purchase 1007 shares of the company. In summation, with the $25000 spent, I’ll own 3952 shares of RAD, 464 shares of ABX, and 1007 shares of BKS.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Here are the word and the excel, the excel is approve of the workings. Feel free to ask for edits. If contented leave a good review and invite me for more questions in the future.

Surname: 1

Name of student
Instructor’s name
Course Title
Date of Submission
Journal entry
This assignment involves evaluation of last week decision of stoke exchange investment
assignment. This paper explores the decision based on the current stock exchange, the market of
the company chosen in last week which was Rite Aid corporation, Barrack Gold corporation and
Barnes and noble corporation. Each decision to invest in the company was made based on
several decisions, tha...


Anonymous
Just the thing I needed, saved me a lot of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags