Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 (2 points) Sarah and Janyes Hernandez purchased 200 shares of Cisco Systems stock at $18.35 a share. One year later, they sold the

image text in transcribed
Question 1 (2 points) Sarah and Janyes Hernandez purchased 200 shares of Cisco Systems stock at $18.35 a share. One year later, they sold the stock for $24.85 a share. They paid a broker a $38 commission when they purchased the stock and a $44 commission when they sold the stock. During the 12-month period the couple owned the stock, Cisco Systems paid no dividends. Calculate the Hernandez's total return for this investment. Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response

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_2

Step: 3

blur-text-image_3

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

Production And Operations Analysis

Authors: Steven Nahmias, Tava Lennon Olsen

7th Edition

1478623063, 9781478623069

More Books

Students also viewed these Finance questions

Question

b. What is the persons job title?

Answered: 1 week ago

Question

Compare the advantages and disadvantages of external recruitment.

Answered: 1 week ago

Question

Describe the typical steps in the selection process.

Answered: 1 week ago