How much did Mr. Chavez gain?   a. Php33,567.00 b. Php34,024.00 c. Php40,274.00 d. Php65,879.00

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
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Mr. Chavez purchased 4000 shares of DITO CME at Php5.4 per share and the broker charged 1.5% of the BUY transaction. After 1 month, the market price increased to Php14.2 per share. Then, Mr. Chavez decided to sell all his 4000 shares at Php14.2 per share and the broker charged 1.5% of the SELL transaction. How much did Mr. Chavez gain?
 
a. Php33,567.00
b. Php34,024.00
c. Php40,274.00
d. Php65,879.00
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