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Author Question: Allen bought 150 shares of stock at 31.25 per share. Several months later he sold the stock at 25 ... (Read 160 times)

corkyiscool3328

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on: Jun 24, 2018
Allen bought 150 shares of stock at 31.25 per share. Several months later he sold the stock at 25 per share. His broker charges 3 commission for round lots and 4 for odd lots. Calculate the gain or loss on the transaction. (If loss, enclose in parenthesis)

Question 2

To solve for the rate, use the following formula:  Rate = Principal x Interest x Time
  Indicate whether the statement is true or false


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juiceman1987

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

-1,218.75

Answer to Question 2

FALSE


corkyiscool3328

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

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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