A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

Jo Bower owns 150 shares of Data General stock. She purchased the stock for $24 a share. She sold her stock for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming that she received no dividends during the time she owned the stock, what is her total return for this transaction? A. $600 B. $780 C. $900 D. $2,400

  • This Question is Closed
  1. aztutor381
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    We can help you on this Assignment. We are team of talented, dedicated professionals ready to help you get your Assignment done; we are nurturing powerful collaboration - from creative Writers, intuitive Market Researchers, Strategists, and great Web Developers. Our team can give the highest quality with 100 % Accuracy & plagiarism free answers. We can meet your sharp deadline with requested format. Work will be 100 % Fresh and you can check it with your school software. Please visit us www.originalessay.net or send us email at origianlessay at g mail dot com.(prices are only $5/Page)

  2. Veritas
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    This isn't even Finance, it's just basic mathematics. She bought the shares at $24 per and she bought 150, so she paid $3,600. She later sold the shares at $30 per, making $4,500 Add on the commission of $120 to $3,600 and you get $3,720 Finally, take $4,500 and subtract $3,720 for her total profit. B. $780

  3. learningfinance
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    # of Shares 150 Purchase Price 24 Selling Price 30 Gain/Share 6 Total Gain 900 Commission(Deduct) 120 Total Return for this transaction 780

  4. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.