Question
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. $600B. $780 C. $900D. $2,400
Answer is c $900
Answer is c $900
Answers
Ms. Sue
No. You forgot to take the commission from her $900 profit.
150x6=900-120=780
Related Questions
Jo owns 150 shares of Delta General stock. She purchased the stock for $24 a share. She sold the sto...
An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased th...
n investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the...
Economics Semester Exam
17 of 3117 of 31 Items
Question
An investor purchased 50 shares of...