Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it. During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment. Note: Round all intermediate calculations and final answer to the nearest whole number. Total return $ 210 X
Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it. During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment. Note: Round all intermediate calculations and final answer to the nearest whole number. Total return $ 210 X
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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I dont understanf why the total return was marked wrong here
Transcribed Image Text:Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the
stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it.
During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment.
Note: Round all intermediate calculations and final answer to the nearest whole number.
Total return
$
210
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