Author Question: Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at ... (Read 139 times)

serike · **on:** Jun 24, 2018

Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at 45.65 per share. His broker charges 4 commission for round lots and 5 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
A) 10,933.19
B) 8,174.49
C) 2,758.69
D) (2,758.69)

Question 2

Bart's Construction, Inc received a promissory note of 12,500 at 7 simple interest for 14 months from one of its customers. After 4 months, Fairlenders, Incdiscounted the note at a discount rate of 9. Calculate the proceeds that Bart's will receive from the discounted note. (Round to the nearest cent)
A) 12,462.50
B) 12,506.77
C) 13,520.83
D) 12,303.96