Shaylash bought 250 shares of stock at 31.38 per share. Several ...

[serike]

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

[akemokai]

Answer to Question 1

C

Answer to Question 2

B

[serike]

Excellent

[ghepp]

Gracias!