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Round dollar amounts to the nearest cent when necessary. Suppose that you owned 2000 shares of stock in Procter & Gamble (PG). You purchased the
Round dollar amounts to the nearest cent when necessary. Suppose that you owned 2000 shares of stock in Procter & Gamble (PG). You purchased the shares at a price of $48.97 per share and sold them at the closing price of the stock given.
(a) Ignoring dividends, what was your profit or loss on the sale of the stock?
(b) If your broker charges 1.7% of the total sale price, what was the broker's commission?
(No table was given in the question, no closing price was given. This is all the information given.)
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