Jo owns 150 shares of Delta General stock. She purchased the stock for $24 a share. She sold the stock for $30 per share. The commissions required to buy and sell her stock cost her $120. Assuming that she received no dividends (income) during the time she owned the stock, what is her total return (not rate of return) for this transaction?

asked by morgan

11 years ago

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1 answer

(6 * 150) - 120 = 780

780 / (150 * 24) = 0.21666 = 22%

answered by Ms. Sue

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Question

Jo owns 150 shares of Delta General stock. She purchased the stock for $24 a share. She sold the stock for $30 per share. The commissions required to buy and sell her stock cost her $120. Assuming that she received no dividends (income) during the time she owned the stock, what is her total return (not rate of return) for this transaction?

1 answer

(6 * 150) - 120 = 780

780 / (150 * 24) = 0.21666 = 22%

Ask a New Question or answer this question.

Ms. Sue · Answer

(6 * 150) - 120 = 780 780 / (150 * 24) = 0.21666 = 22%