Suppose that you owned 1000 shares of stock in Procter & Gamble (PG). You purchased the shares at a price of $48.97 per share and sold them at the closing price of the stock given in the table (a) Ignoring dividends, what was your profit or loss on the sale of the stock? $ This is a --Select-- v (b) If your broker charges 1.7% of the total sale price, what was the broker's commission?
Suppose that you owned 1000 shares of stock in Procter & Gamble (PG). You purchased the shares at a price of $48.97 per share and sold them at the closing price of the stock given in the table (a) Ignoring dividends, what was your profit or loss on the sale of the stock? $ This is a --Select-- v (b) If your broker charges 1.7% of the total sale price, what was the broker's commission?
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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Transcribed Image Text:Suppose that you owned 1000 shares of stock in Procter & Gamble (PG). You purchased the shares at a price of $48.97 per share and sold them at the closing price of the stock given in the table
(a) Ignoring dividends, what was your profit or loss on the sale of the stock?
$
This is a ---Select--- v
(b) If your broker charges 1.7% of the total sale price, what was the broker's commission?
$
Transcribed Image Text:Selected Stocks from the Dow Jones Industrial Average for a Day in 2015
52-week 52-week
high
Net
%
YTD
Name
Symbol Open
High
Low
Close
chg Chg Volume
low
Div Yield
PE
%chg
Apple
APPL
113.84
115.01 113.61 | 115.01
1.73 1.51 41654100
134.54
92.
2.08 2.14
10.05
8.48
Вoeing
ВА
141.13
146.45 141.05 | 145.41
5.09 3.5
6976300
158.83
115.02
4.36 3.63 15.8
0.56
International
Business
IBM
140.42
143.72 140.30 142.75
3.14 2.2
5583200
176.3
118.
5.20 4.17
9.16
3.59
Machines
Johnson &
JNJ
97.134
99.08
96.42
98.802 1.89 | 1.91
9887900
105.49
81.79
3.00 2.87
18.88 -3.97
Johnson
General
GE
28.74
29.52
28.70
29.36
0.72 2.47 81476400
31.49
19.37 0.92 3.16 16.97 -6.1
Electric
Procter &
PG
73.22
74.96
72.97
74.20
1.25 1.68 14080900
86.78
65.02 2.65
3.25 27.17 -6.09
Gamble
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