Homework Clinic
Social Science Clinic => Business => Topic started by: sheilaspns on Jun 24, 2018
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Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 per share. His broker charges 3 commission for round lots and 4 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
A) 3,139.66
B) 3,033.60
C) 259.52
D) (259.52)
Question 2
The owner of a hot dog stand receives a loan of 3,750 at 8.25 for 9 months. Find the amount of simple interest.(Round to the nearest cent)
A) 320.63
B) 232.03
C) 489.65
D) 232.00
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Answer to Question 1
D
Answer to Question 2
B