2. Ellen purchased $3,268 worth of stock and paid her broker a 0.6% fee. She sold when the stock price increased to $3,746, using an online broker that charged $9 per trade. What are her net proceeds?
2. Ellen purchased $3,268 worth of stock and paid her broker a 0.6% fee. She sold when the stock price increased to $3,746, using an online broker that charged $9 per trade. What are her net proceeds?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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This is for financial mathematics, please help me, thank you very much for your help!
Transcribed Image Text:2. Ellen purchased $3,268 worth of stock and paid her broker a 0.6% fee. She sold the stock
when the stock price increased to $3,746, using an online broker that charged $9 per trade.
What are her net proceeds?
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