Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sarah and James Hernandez purchased 200 shares of Cisco Systems stock at $18.90 a share. One year later, they sold the stock for $25.60 a

Sarah and James Hernandez purchased 200 shares of Cisco Systems stock at $18.90 a share. One year later, they sold the stock for $25.60 a share. They paid a broker a $39 commission when they purchased the stock and a $49 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.

Your Answer:

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

Handbook Of Corporate Equity Derivatives And Equity Capital Markets

Authors: Juan Ramirez

1st Edition

1119975905, 978-1119975908

More Books

Students also viewed these Finance questions

Question

Acceptance of the key role of people in this process of adaptation.

Answered: 1 week ago

Question

preference for well defined job functions;

Answered: 1 week ago