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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 12
You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9.88. Your stockbroker charges 3% commission on round lots and an extra 1.5% on odd lots.
a. What is the total cost of the purchase
b. What are the proceeds on the sale
c. What is the gain (or loss) on the transaction
a. What is the total cost of the purchase
b. What are the proceeds on the sale
c. What is the gain (or loss) on the transaction
Explanation
Verified
Verified
Arrange give data in table as,
(a). I...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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