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Lets say Microsoft has the following per share closing prices (end of day price per share) during the year: 1/1/16 $50.00 2/1/16 47.50 3/1/16 49.50
Lets say Microsoft has the following per share closing prices (end of day price per share) during the year:
1/1/16 $50.00
2/1/16 47.50
3/1/16 49.50
4/1/16 52.50
5/1/16 55.00
6/1/16 48.0
A. Assume that you buy 1,000 shares of Microsoft on 1/1/16 and sell them on 5/1/16. Using the table below, calculate your total profit or loss from this transaction. B. Assume that you buy 1,000 shares of Microsoft on 3/1/16 and sell them on 6/1/16. Using the table below, calculate your total profit or loss from this transaction. 49,550 25 1. Purchase price of the 1000 shares 2. Add Commission on purchase 49,575 47,950 25 47,925 3. Total price to purchase 4. Selling price of the 1000 shares 5. Subtract Commission on sale 6. Total Sales price 7.Total profit or loss from the transactionStep by Step Solution
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