Sam bought through her broker 200 Apex Mining common stock at $61.50/share. The broker charged her 2% commission.  One year later she sold the shares for  $71.25. What are the proceeds for this stock market transaction?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 29P
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Sam bought through her broker 200 Apex Mining common stock at $61.50/share. The broker charged her 2% commission.  One year later she sold the shares for  $71.25.

What are the proceeds for this stock market transaction? 

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