Author Question: Steven Fork purchased 375 shares of Grant Corporation common stock at 19.75 per share. Three months ... (Read 257 times)

mynx · **on:** Jun 24, 2018

Steven Fork purchased 375 shares of Grant Corporation common stock at 19.75 per share. Three months later he sold the shares at 28.80. His stockbroker charges 3 commission on round lots and 4 on odd lots. What was the amount of gain on this transaction?

Question 2

Customer Bank loaned The Teacup Shoppe money at 6 interest for 90 days. If the interest was 750 using the ordinary interest method, the principal amount borrowed was 5,000.
Indicate whether the statement is true or false