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Author Question: Hank bought 25, 1,000 Hampton Railroad bonds at 100.823. The broker charged a commission of 4 per ... (Read 37 times)

elizabeth18

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on: Jun 24, 2018
Hank bought 25, 1,000 Hampton Railroad bonds at 100.823. The broker charged a commission of 4 per bond. What total investment did Hank make in the bonds?

Question 2

Byron Martin bought 140 shares of common stock at 18.60. His broker charged him a commission of 85. Six months later Byron sold the same stock for 19.24 a share. The commission and fees on the sale were 94. What was Byron's profit or loss?


TINA

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

25,305.75

Answer to Question 2

89.40 loss


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