Question

investing involves very little risk.
true
false
question 22
robert bought 10 shares of stock at $6.00 per share and sold them for $7 per share. what was his purchase price?
question 23
robert bought 10 shares of stock at $6.00 per share and sold them for $7 per share. what was his sales price?
question 24
robert bought 10 shares of stock at $6.00 per share and sold them for $7 per share. what was his profit in dollars?

Explanation:

Question (First one: "Investing involves very little risk.")

Investing typically carries varying levels of risk, with most investments having significant risk (e.g., stocks, bonds have market, credit risks). So the statement is false.

Step1: Identify purchase details

Robert bought 10 shares at $6.00 per share.

Step2: Calculate purchase price

Purchase price = number of shares × price per share = $10\times6.00 = 60$.

Step1: Identify sales details

Robert sold 10 shares at $7 per share.

Step2: Calculate sales price

Sales price = number of shares × price per share = $10\times7 = 70$.

Answer:

B. False

Question 22