Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at 33,30 a share. One year later, she sold the stock for $41 a share.

Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at 33,30 a share. One year later, she sold the stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it During the 12 months she owned the stockshe recelved $161 dividends. Calculate Tammy's total return on this investment(Round all intermediate calculations and final answer to the nearest whole number.)

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

European Financial Reporting Adapting To A Changing World

Authors: J. Flower

2nd Edition

0333685180, 9780333685181

More Books

Students also viewed these Accounting questions

Question

a. What is the name of the university?

Answered: 1 week ago

Question

Be able to cite the advantages of arbitration

Answered: 1 week ago