Question

Please help!!! You purchase 65 shares of common stock at $32.50 per share. A few months later, you sell the shares for $39.9
dividends were paid. Your stockbroker charges 3.1% commission on transactions of less than 100 shares. Dete
(or loss) of the stock transaction. Round your answer to the nearest cent.
a. Again of $338.26
C. Again of $418.76
b. A loss of $403.75
d. A loss of $475.21

Answer 1

Answer:

a.

A gain of $338.26

Step-by-step explanation:

Hope this helped!

Answer 2

Profit amount in stock of transaction of shares is equals to $335.

What is Dividend in Stock market?

" Dividend is defined as a reward or cash amount given by a company to their shareholders."

Formula used

Profit = Selling price - cost price

According to the question,

Number of shares = 65

Price to purchase 1 share = $32.50

Total amount used to purchase 65 shares = 65 × 32.50

                                                                      = $ 2112.5

Commission charged by stockbroker = 3.1%

Commission amount = 3.1 %  of 2112.5

                                   = $ 65.59

Total amount used to purchase 65 shares = 2112.5 + 65.59

                                                                      = $2178.1

Selling price to sell 1 share = $ 39.9

Selling price to sell 65 shares = 39.9 × 65

                                                  = $2593.5

Commission amount = 3.1 %  of 2593.5

                                  = $ 80.4

Total selling price excluding commission = 2593.5 - 80.4

                                                                    = $ 2513.1

Selling price > cost price

Therefore , Profit

Profit = 2513.1 - 2178.1

         = $ 335

Hence, Profit amount in stock of transaction of shares is equals to $335.

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