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Author Question: Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 ... (Read 131 times)

sheilaspns

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  • Posts: 567
on: Jun 24, 2018
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


Missbam101

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


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