Author Question: Allen bought 150 shares of stock at 31.25 per share. Several months later he sold the stock at 25 ... (Read 143 times)

corkyiscool3328 · **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