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An Investor Purchased 900 Shares of Stock for $31

Question 122

Multiple Choice

An investor purchased 900 shares of stock for $31.08 per share and sold them later for $33.36 per
Share. The broker's commission was 4% of the purchase price and 4% of the selling price. Find the
Amount the investor made on the stock.


A) $1,969.92
B) -$267.84
C) $241.06
D) $267.84

Correct Answer:

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