During 4, Donald Nelson purchased 200 shares of common stock issued by Red Hot Food Processing for $12,700 including commission. Later in the same year, Donald sold the shares for $14,600 after commission. Calculate the following. (Round all answers to two decimal places.) 1. Profit on this stock transaction: () 2. Percentage return on investment:

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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During 4, Donald Nelson purchased 200 shares of common stock issued by Red Hot Food Processing for $12,700 including commission. Later in the same year,
Donald sold the shares for $14,600 after commission. Calculate the following. (Round all answers to two decimal places.)
1. Profit on this stock transaction:
(0)
2. Percentage return on investment:
W
MAY
Transcribed Image Text:During 4, Donald Nelson purchased 200 shares of common stock issued by Red Hot Food Processing for $12,700 including commission. Later in the same year, Donald sold the shares for $14,600 after commission. Calculate the following. (Round all answers to two decimal places.) 1. Profit on this stock transaction: (0) 2. Percentage return on investment: W MAY
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