Concept explainers
Stock Transaction
Last month Joe purchased some stock in Acme Software, Inc. Here are the details of the purchase:
• The number of shares that Joe purchased was 1,000.
• When Joe purchased the stock, he paid S45.50 per share.
• Joe paid his stockbroker a commission that amounted to 2 percent of the amount he paid for the stock.
Two weeks later, Joe sold the stock. Here are the details of the sale:
• The number of shares that Joe sold was 1,000.
• He sold the stock for $56.90 per share.
• He paid his stockbroker another commission that amounted to 2 percent of the amount he received for the stock.
Write a program that displays the following information:
• The amount of money Joe paid for the stock.
• The amount of commission Joe paid his broker when he bought the stock.
• The amount that Joe sold the stock for.
• The amount of commission Joe paid his broker when he sold the stock.
• Display the amount of profit that Joe made after selling his stock and paying the two commissions to his broker. (If the amount of profit that your program displays is a negative number, then Joe lost money on the transaction.)
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