Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it. During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment. Note: Round all intermediate calculations and final answer to the nearest whole number. Total return $ 210 X
Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it. During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment. Note: Round all intermediate calculations and final answer to the nearest whole number. Total return $ 210 X
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
Related questions
Question
I dont understanf why the total return was marked wrong here
Transcribed Image Text:Tammy Jackson purchased 152 shares of All-American Manufacturing Company stock at $33.30 a share. One year later, she sold the
stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $52 commission when she sold it.
During the 12 months she owned the stock, she received $161 in dividends. Calculate Tammy's total return on this investment.
Note: Round all intermediate calculations and final answer to the nearest whole number.
Total return
$
210
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT