Taylor bought 200 shares of stock for $18.12 per share last year. He paid his broker a

Question:

Taylor bought 200 shares of stock for $18.12 per share last year. He paid his broker a flat fee of $30. He sold the stock this morning for $21 per share, and paid his broker 0.5% commission.
a. What were Taylor's net proceeds?
b. What was his capital gain?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: