Author Question: You purchase 150 shares of stock at 40.88 per share. Several months later you sell the shares at ... (Read 218 times)

B · **on:** Jun 24, 2018

You purchase 150 shares of stock at 40.88 per share. Several months later you sell the shares at 32.50. Your broker charges 4 commission for round lots and 5 for odd lots. Calculate the gain or loss on the transaction. (If loss, enclose in parenthesis)
A) (1,924.69)
B) (1,311.47)
C) (1,733.97)
D) 2,145.87

Question 2

On October 10, Blake Redman borrowed 2,600 from his credit union at 12 for 120 days. The credit union uses the ordinary interest method. What is the amount of interest on the loan? (Round to the nearest cent)