Solution-Calculate the percent gain or loss based on the

Calculate the percent gain or loss based on the purchase

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Reference no: EM131542627

Assignment

1. For each of the investments shown, calculate the percent gain or loss based on the difference between the purchase and current price. Format as percent with one decimal.

2. Use a nested IF to calculate the investment action. The chart at the right shows the strategy that will be used by this investment firm.

Nick Herd Investments
Symbol	Name	Purchase Price	Current Price	Percent Gain/Loss	Investment Action
ABC	Abacus Ltd.	$16.50	$15.30
DIG	Diamond Imports	$53.50	$33.39
III	Indy Ink Inc.	$12.25	$11.75
EEK	Erie Knives	$9.75	$10.50
CAP	Canadian Petrol	$12.50	$11.50
GGG	Good Eggs	$35.20	$36.00
HAT	Hatfield Oil	$22.00	$18.00

Nick Herd Strategy
Percent Gain/Loss	Action
Gain greater than 5%	Buy
Between 5% and -5%	Hold
Loss greater than 5%	Sell

Reference no: EM131542627

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Calculate the percent gain or loss based on the purchase

Reference no: EM131542627

Reference no: EM131542627

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