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You Purchase 150 Shares of Stock at $40

Question 34

Multiple Choice

You purchase 150 shares of stock at $40.88 per share. Several months later you sell the shares at $32.50. Your broker charges 4% commission for round lots and 5% for odd lots. Calculate the gain or loss on the transaction. (If loss, enclose in parenthesis)


A) ($1,924.69)
B) ($1,311.47)
C) ($1,733.97)
D) $2,145.87

Correct Answer:

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