Allen bought 150 shares of stock at 31.25 per share. Several ...

[corkyiscool3328]

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

[juiceman1987]

Answer to Question 1

-1,218.75

Answer to Question 2

FALSE

[corkyiscool3328]

Thanks for the timely response, appreciate it

[emsimon14]

Great answer, keep it coming