Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

33. An investor purchased 900 shares of stock for $30.53 per share and sold them later for $32.57 per shar The broker's commission was 3%

image text in transcribed
33. An investor purchased 900 shares of stock for $30.53 per share and sold them later for $32.57 per shar The broker's commission was 3% of the purchase price and 3% of the selling price. Find the amount the investor made on the stock A) S1,780.92 B) S132.30 C) s-132.30 D) s-119.07

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Political Economy Of Chinese Finance

Authors: J. Jay Choi , Michael R. Powers , Xiaotian Tina Zhang

1st Edition

1785609580,1785609572

More Books

Students also viewed these Finance questions

Question

Collaboration and Conflict Resolution version control system

Answered: 1 week ago