An investor has E£50,000 (Egyptian pound). He deposits E£37,000 into a brokerage account. He buys 1,000 shares of the Commercial International Bank (CIB) for E£35 per share. One week later, the investor sells the CIB stock for E£37. When he receives his brokerage account statement, he sees that there is a missing item: What belongs in item 4 on this statement?

 

Item 1. Deposit 2. CIB purchase 3. CIB sale 4. 5. Balance Number of Shares 1,000 1,000 Price per Share (E) 35 37 Total Transaction (E) 37,000 35,000 37,000 Account Balance (E) 37,000 37,000 39,000 38,000