Tammy Jackson purchased 155 shares of All- American Manufacturing Company stock at $32.80 a share. One year later, she sold the stock for $40 a share. She paid her broker a $37 commission when she purchased the stock and a $48 commission when she sold During the 12 months she owned the stock, she received $203 in dividends. Calculate Tammy's total return on this investment.
Tammy Jackson purchased 155 shares of All- American Manufacturing Company stock at $32.80 a share. One year later, she sold the stock for $40 a share. She paid her broker a $37 commission when she purchased the stock and a $48 commission when she sold During the 12 months she owned the stock, she received $203 in dividends. Calculate Tammy's total return on this investment.
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 55P
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Transcribed Image Text:Tammy Jackson purchased 155 shares of All-
American Manufacturing Company stock at
$32.80 a share. One year later, she sold the
stock for $40 a share. She paid her broker a $37
commission when she purchased the stock and
a $48 commission when she sold During the 12
months she owned the stock, she received $203
in dividends.
Calculate Tammy's total return on this
investment.
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