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Use the Graph to Answer the Question

Question 91

Essay

Use the graph to answer the question.
-Use the graph to answer the question. -  Mike decides to buy shares of companies A, B, and C, which were initially selling for the same price. The changes in each stock's value are shown in the graph above. Could Mike ever have made a profit off stock A if he had sold at the right time? If so, when should he have sold to make the maximum profit? Answer the same questions for stocks B and C. Mike decides to buy shares of companies A, B, and C, which were initially selling for the
same price. The changes in each stock's value are shown in the graph above. Could Mike
ever have made a profit off stock A if he had sold at the right time? If so, when should he
have sold to make the maximum profit? Answer the same questions for stocks B and C.

Correct Answer:

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Stock A: yes; best time to sel...

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