Jo Bower owns 150 shares of Data General stock. She purchased the stock for $24 a share. She sold her stock for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming that she received no dividends during the time she owned the stock, what is her total return for this transaction? A. $600 B. $780 C. $900 D. $2,400

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Maliyah Parker

2 July, 12:46

+5

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Faith Hoover · Answer 1

Her expenses:

($24 x 150) + $120 = $3,600 + $120 = $3,720

Her profit:

$30 x 150 = $4,500

Total profit:

$4,500 - $3,720 = $780

Answer: B) $780