You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9. Your stockbroker charges…

Published by admin at July 30, 2023

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You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9.88. Your stockbroker charges 3% commission on round lots and an extra 1.5% on odd lots. What is the total cost of the purchase? What are the proceeds on the sale? What is the gain (or loss) on the transaction. Please help me with this problem. Thank you

You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9. Your stockbroker charges…

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