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?
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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.
# of Shares 150
Purchase Price 24
Selling Price 30
Total Gain 900
Total Return for this transaction 780