Michele bought 850 shares of APPLE at the 52 week low and sold the shares at the 52 week high shown in the table. A) ignoring dividends, what was michele's profit or loss on the sale of the stock? Was this a loss or profit? B) If her broker charges 1.9% of the total sale price, what was the broker's commission? 1 /1100%+回のSelected Stocks from the Dow Jones Industrial Average for a Day in 2015YTDTchgNet52-week 52-weekNameSymbol Open HighLowchg Chg | VolumehighlowDiv Yleld PEAppleAPPL113.84 115..01 113.61|1I5.01 1.73 .51 41654100| 134.5492,8.48BoeingBA141,13146.45 141.05|145.41 5.09 3.56976300 158.83115.024.36 3.63 |15.80.56InrernationalIBMBusiness140.42143.72|14030|142.753.14 225583200 176.3118.9.163.59MachinesJohnson &JohnsonUNJ97.13496.4280'6698.802|1.89|1919887900105.4981-793.00 2.87 18.88-3,97GreneralGE28.7429.36 0.72 2.47 8147640031.4919.37 |0.92 3.16 16.976 1ElectricProcteraGamble73,2274.96 7297| 74.201.25|1.68 1408090086.7865.02 265 3.25 27.176.09

Given Information Number of Shares bought of Apple =850 Purchase shares at 52 weeks low and sold the…

Michele bought 850 shares of APPLE at the 52 week low and sold the shares at the 52 week high shown in the table. A) ignoring dividends, what was michele's profit or loss on the sale of the stock? Was this a loss or profit? B) If her broker charges 1.9% of the total sale price, what was the broker's commission?

Michele bought 850 shares of APPLE at the 52 week low and sold the shares at the 52 week high shown in the table. A) ignoring dividends, what was michele's profit or loss on the sale of the stock? Was this a loss or profit? B) If her broker charges 1.9% of the total sale price, what was the broker's commission?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.2.2MBA

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