Beverly Frickel purchased 100 shares of Gleason Systems stock for $32.50 per share.Her commission for this purchase was $25.She sold the stock two years later for $45 per share and a commission of $40.What was Beverly's total dollar return on this stock?

Question

Quizplus · Accepted Answer

Beverly's total cost to purchase the stock = (100 shares * $32.50/share) + $25 commission = $3,250 + $25 = $3,275. The total amount she received from selling the stock = (100 shares * $45/share) - $40 commission = $4,500 - $40 = $4,460. Therefore, her total dollar return = $4,460 - $3,275 = $1,185.

Beverly Frickel Purchased 100 Shares of Gleason Systems Stock for $32.50