Jill Bower purchased 175 shares of stock for $20 a share and sold it for $30 a share.The commissions required to buy and sell her stock totaled $50 for each transaction.Assuming she received no dividends during the time she owned the stock,what is her total investment on the purchase of this stock?

Question

Quizplus · Accepted Answer

Jill's total investment for purchasing the stock includes the cost of the shares plus the commission for buying. The cost of the shares is 175 shares * $20/share = $3,500. The commission for buying is $50. Therefore, her total investment is $3,500 + $50 = $3,550.

Jill Bower Purchased 175 Shares of Stock for $20 a Share