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

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