Can someone please help me? I am so confused! My homework is called stock purchase and I need to find some information abut three stocks. I'm starting with microsoft. The first three questions are the stock name, symbol, and address of the headquarters. But after that it asks for the purchase price - the close price on 4/9 and I cannot find that anywhere! Then it says gross investment and I don't even know what that is! Then broker fee, net investment, and purchased shares are next but I need the ones above to figure those out! He said this assigment was really simple but I can't do it :( Please help me out, I'm really nervous
I understand that you're feeling confused and nervous about your homework assignment on stock purchase. Don't worry, I'll try my best to help you out. Let's break it down step by step.
1. Stock Name: The stock name is the official name of the company. In this case, it is Microsoft Corporation.
2. Stock Symbol: The stock symbol is a unique abbreviation used to identify a particular stock on the stock exchange. For Microsoft, the stock symbol is "MSFT" (short for Microsoft).
3. Headquarters Address: The headquarters address is the physical location where the company's main offices are located. In the case of Microsoft, their headquarters are located in Redmond, Washington, United States.
Now, to find the close price on 4/9 for Microsoft, you can use financial websites or stock market apps. Here's how to do it:
1. Visit a reputable financial website, such as Yahoo Finance, Google Finance, or Bloomberg.
2. Search for the stock symbol "MSFT" in the search bar on the website.
3. Look for the historical price data or the historical chart for the stock.
4. Set the date range to encompass April 9th, or use the date selector to select April 9th.
5. Check the closing price of Microsoft's stock on April 9th. This will be the purchase price you need for your homework.
Moving on to "gross investment," it refers to the total amount of money invested before any fees or charges are deducted. To calculate the gross investment, multiply the purchase price by the number of shares you plan to purchase.
For example, if the purchase price is $100 and you plan to buy 10 shares, the gross investment would be $100 multiplied by 10, which would give you $1,000.
The "broker fee" is the commission or fee charged by a broker or online trading platform when you buy or sell stocks. The fee structure varies depending on the broker or platform you use. You can check with your teacher or do some research to find out the typical fee.
The "net investment" is the gross investment minus the broker fee. In our previous example, if the broker fee is $10, the net investment would be $1,000 (gross investment) minus $10 (broker fee), resulting in $990.
Finally, the "purchased shares" are the number of shares you bought. This would be the same number you used to calculate the gross investment.
I hope this explanation helps you navigate through your homework assignment. Remember, don't hesitate to ask for further clarification if needed.