Mathematics, 05.05.2020 23:01 zach6024

You purchase 65 shares of common stock at $32.50 per share. A few months later, you sell the shares for $39.95. No dividends

were paid. Your stockbroker charges 3.1% commission on transactions of less than 100 shares. Determine the gain (or loss) of

the stock transaction. Round your answer to the nearest cent.

a. Again of $338.26

c. Again of $418.76

b. Aloss of $403.75

d. A loss

Answers: 2

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You purchase 65 shares of common stock at $32.50 per share. A few months later, you sell the shares...