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Author Question: Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at ... (Read 302 times)

serike

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  • Posts: 542
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


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akemokai

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

C

Answer to Question 2

B


serike

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

mochi09

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Reply 3 on: Yesterday
Excellent

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