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
Related questions
Question
100%
Calculate the total cost, proceeds, and gain (or loss) (in $) for the stock market transaction.
Company | Number of Shares |
Purchase Price |
Selling Price |
Commissions | Total Cost |
Proceeds | Gain (or Loss) |
||
---|---|---|---|---|---|---|---|---|---|
Buy | Sell | Odd Lot | |||||||
an oil company | 100 | $45.20 | $54.06 | 3% | 3% | $ | $ | $ |
Expert Solution

Step 1
Information Provided:
- Shares sold = 100
- Purchase price = $45.20
- Selling price = $54.06
- Selling Commission = 3%
- Total cost = 3%
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