Zelmo Zeroman Needs Help With His Portfolio

Zelmo Zeroman owns 490 shares of iRobot stock (nasdaq: IRBT) and he wants to sell 50 shares when the value of his iRobot investment hits $10,000. Zelmo consulted with MathBabbler to find out what price he should sell his 50 IRBT shares at.

Note: When this BAB was created on 2009.12.24, IRBT last trade was at $17.165 per IRBT share.

Exercises
  1. When Zelmo's iRobot investment hits $10,000, he should sell 50 of his 490 IRBT shares at a price of $_______ per IRBT share. [round to nearest cent]

  2. When Zelmo sells 50 IRBT shares, his IRBT holdings will decrease by ________% shares.

  3. After Zelmo sells 50 IRBT shares, he wants to sell another 40 IRBT shares when the value of his iRobot investment returns to $10,000. Zelmo should sell the 40 IRBT shares a price of $_______ per IRBT share. [round to nearest cent]


Creator: Gerald Thurman [gthurman@gmail.com]
Created: 24 December 2009

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