Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later,
Question:
Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker $8 commission when they purchased the stock and a $12 commission when they sold the stock. During the twelve month period they owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandez’s total return for this investment.
BrokerA broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Question Posted: