anonymous
  • anonymous
I had a story problem: Sherry Lebito bought 500 shares of stock at a quoted price of 83 1/4. What was the total purchase price?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
I got this part and I'll show the work its the second part...
anonymous
  • anonymous
|dw:1332465046214:dw|
Mertsj
  • Mertsj
500(83.25)=41625

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anonymous
  • anonymous
This is what I got here is the second part to the qusetion...
anonymous
  • anonymous
A year later Sherry sold her stock at a quoted price of 95 1/2. Did she have a capital gain or a capital loss and how much of a gain or loss did she experience?
Mertsj
  • Mertsj
She had a capital gain.
anonymous
  • anonymous
ok. :)
Mertsj
  • Mertsj
95.5-83.25=12.25 She made 12.25 on each share 500(12.25)=6125 So she had a capital gain of $6125
anonymous
  • anonymous
WOW thank you!!!!!! :D
Mertsj
  • Mertsj
yw

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