Wallace Davis purchased 200 shares of Dell stock at $9.50 a share. One year later, he sold

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Wallace Davis purchased 200 shares of Dell stock at $9.50 a share. One year later, he sold the stock for $8.42 a share. He paid his broker a $22 commission when he purchased the stock and a $24 commission when he sold it. During the 12 months he owned the stock, the company paid no dividends. Calculate Wallace’s total return on this investment. (Obj. 1)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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