Question
Use the given partial stock table. Round dollar amounts to the nearest cent when necessary. Suppose that you owned 1500 shares of stock in Procter
Use the given partial stock table.
Round dollar amounts to the nearest cent when necessary. Suppose that you owned 1500 shares of stock in Procter & Gamble (PG). You purchased the shares at a price of $48.95 per share and sold them at the closing price of the stock given in the table.
(a) Ignoring dividends, what was your profit or loss on the sale of the stock?
(b) If your broker charges 1.9% of the total sale price, what was the broker's commission?
Gary Walters owned 500 shares of stock in General Electric (GE). He purchased the shares at a price of $38.08 per share and sold them at the closing price of the stock given in the table.
(c) Ignoring dividends, what was Gary's profit or loss on the sale of the stock?
(d) If his broker charges 2.5% of the total sale price, what was the broker's commission?
Michele Desjardins bought 750 shares of Apple (APPL) at the 52-week low and sold the shares at the 52-week high shown in the table.
(e) Ignoring dividends, what was Michele's profit or loss on the sale of the stock?
(f) If her broker charges 2.2% of the total sale price, what was the broker's commission?
Selected Stocks from the Dow Jones Industrial Average for a Day in 2015 Name YTD %chg Net % High Low Close chg Chg Volume 115.01 113.61 115.01 1.73 1.51 41654100 146.45 141.05 145.41 5.09 3.5 6976300 Symbol Open APPL 113.84 BA 141.13 52-week 52-week high low 134.54 92. 158.83 115.02 Apple Div Yield PE 2.08 2.14 10.05 4.36 3.63 15.8 8.48 0.56 Boeing International Business Machines IBM 140.42 143.72 140.30 142.75 3.14 2.2 5583200 176.3 118. 5.20 4.17 9.16 3.59 Johnson & Johnson JNJ 97.134 99,08 96.42 98.802 1.89 1.91 9887900 105.49 8 1.79 3.00 2.87 18.88 -3.97 General Electric 28.74 29.52 28.70 29.36 0.72 2.47 81476400 31.49 19.37 0.92 3.16 16.97 -6.1 Procter & Gamble PG 73.22 74.96 72.97 74.20 1.25 1.68 14080900 86.78 65.02 2.65 3.25 27.17 -6.09 Selected Stocks from the Dow Jones Industrial Average for a Day in 2015 Name YTD %chg Net % High Low Close chg Chg Volume 115.01 113.61 115.01 1.73 1.51 41654100 146.45 141.05 145.41 5.09 3.5 6976300 Symbol Open APPL 113.84 BA 141.13 52-week 52-week high low 134.54 92. 158.83 115.02 Apple Div Yield PE 2.08 2.14 10.05 4.36 3.63 15.8 8.48 0.56 Boeing International Business Machines IBM 140.42 143.72 140.30 142.75 3.14 2.2 5583200 176.3 118. 5.20 4.17 9.16 3.59 Johnson & Johnson JNJ 97.134 99,08 96.42 98.802 1.89 1.91 9887900 105.49 8 1.79 3.00 2.87 18.88 -3.97 General Electric 28.74 29.52 28.70 29.36 0.72 2.47 81476400 31.49 19.37 0.92 3.16 16.97 -6.1 Procter & Gamble PG 73.22 74.96 72.97 74.20 1.25 1.68 14080900 86.78 65.02 2.65 3.25 27.17 -6.09Step by Step Solution
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