Assignment: Buy new stocks! - Link
Using the list of current prices (far right column) on the yellow sheet that I handed out in class today and the number I gave you for the amount of money you have to spend, you are to purchase new stocks. Just you and your money.
The money is yours from the stocks you sold earlier this week. Some of you have thousands and some of you have mere dollars, but in all cases you are responsible for reinvesting THAT amount for your team. Your job is to invest as much of that money as you can; no one should have more than $10 left as cash on their own.
This assignment MUST be done by tomorrow for credit; there will be no credit for late purchases, your money will just be absorbed back in by your team.
On the back of the yellow sheet write the stocks you are purchasing, their purchase price (per share), and the total amount you spent plus the leftover cash. That's the math part, folks. ;-)
*It could look something like this: $13.40 to spend, Bought 3 shares of Mo'Stock at $4.04 per share = $12.12. Remaining cash = $1.28
Due Friday morning at the beginning of class.
Kate, you have $310.23 to spend
Ellen, you have $181.91 to spend
Your Finance Park books are due by the end of the school day on Friday.
Books turned in on Monday will lose 10% of their value, accumulating 10% more of the original value every day thereafter.
You can do it!
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