Rules:
1. Each person begins with $100,000
2. You are not permitted to own stock in more than ten companies at a time
3. You may not buy stocks priced under $5. (Their extreme volatility is dangerous and not representative of the general market)
4. You are not permitted to have more than $25,000 in cash at any time
5. Only shares of common stock may be purchased. Prefered stock may not be purchased
6. You must pay a $10 brokerage fee for each transaction, wether buying or selling stocks or mutual funds.
7. Purchasers of mutual funds must follow these special rules:
(a) An initial purchase of any mutual fundmust be for at least $3,000
(b) Most mutual funds change a fee for their services. For the purpose of this simulation you will be charged a 1 percent "exit fee" on your mutual fund account balance (that is, 1 percent of the number of shares x current NAV) when selling your shares.
Can anyone help my group win this contest?
2007-03-13
11:00:02
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4 answers
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asked by
William S
1