Ryan Neal bought 1,400 shares of Ford at $15.82 per share. Assume a commission of 3% of the purchase price. Ryan sells the stock for $20.13 with the same 3% commission rate. What is the gain or loss for Ryan? (Input the amount as a positive value. Round your answer to the nearest cent.)
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- Ryan Neal bought 1,400 shares of Ford at $15.92 per share. Assume a commission of 2% of the purchase price. Ryan sells the stock for $20.23 with the same 2% commission rate. What is the gain or loss for Ryan?Aisha Knox paid a total of $1,500 for 75 shares of stock. He sold the stock for $22.50 a share and paid a sales commission of $49.00. What is the profit or loss from the sale?3. Millet purchases 340 shares of De Leon Company common stock at ₱5,230 per share. A few months later, she sells the shares at ₱6,100. Her stockbroker charges 4.3% commission on round lots and 4.9% on odd lots. Compute for the following: a. Total cost b. Proceeds c. Gain or loss on the transaction
- 4. Sharlene purchases 280 shares of SJS Corporation common stock at ₱6,400 per share. A few months later, she sells the shares at ₱7,000. Her stockbroker charges 4.9% commission on round lots and 5.6% on odd lots. Calculate the following: a. Total cost b. Proceeds c. Gain or loss on the transactionNatalia Sandino bought 100 shares of Cendant AT $15 ¼ per share and was charged a commission of l.5%. She sold the 100 shares later at $22 1/8 and had a flat commission of $25 through a discount broker. Find the profit, ignoring any dividends.Investor A makes a cash purchase of 100 shares of AB&C common stock for $78 a share.Investor B also buys 100 shares of AB&C but uses margin. Each holds the stock for one year,during which dividends of $9 a share are distributed. Commissions are 3 percent of the value ofa purchase or sale; the margin requirement is 75 percent, and the interest rate is 12 percentannually on borrowed funds. What is the percentage earned by each investor if he or she sellsthe stock after one year for (a) $69 and (b) $83? If the margin requirement had been 45 percent, what would have been the annual percentagereturns? What conclusion do these percentage returns imply?
- Christopher bought 2,000 shares of a stock at P140.00 a share. A year later, he sold the stocks at P148.50 a share. How much money did he make on the sale excluding costs of buying and selling? Select one: O a. P280,000.00 O b. P297,000.00 c. P8,000.00 d. No answer e. P17,000.00Margo bought stock for $1,500 plus a $25 commission; 18 months later she sold all the stock for $2,000 and paid a $25 commission. What was Margo's gain or loss (show your calculations), holding period and the nature of the sale of this stock? List all the forms Margo would use to report this sale.Sharlene purchases 280 shares of SJS Corporation common stock at ₱6,400 per share. A few monthslater, she sells the shares at ₱7,000. Her stockbroker charges 9% commission on round lots and 5.6% on odd lots. Calculate the following: Totalcost Proceeds Gain or loss on thetransaction
- Adam purchases 1,200 shares of Beta Inc. at $22 per share [inclusive of commissions] and sells them after 1 year, during which time the stock also pays a dividend. The following information is also available: Sale price = $25 Leverage ratio = 1.5 Call money rate = 5% Dividend = $0.20 per share Commission = $0.03 per share Maintenance margin = 20% Assume that the interest on the loan and the dividend are both paid at the end of the year. Adam’s return on this investment is closest to: 18.52% 19.35% 22.39% 24.52% 28.52%Mary decides to short sell 80 shares of Company Y, currently trading at $45 per share. She incurs a transaction fee of $1 per share for selling and will incur the same fee when she buys back the shares. Calculate the stock price at which Mary would break even.Millet purchases 340 shares of De Leon Company common stock at ₱5,230 per share. A few monthslater, she sells the shares at ₱6,100. Her stockbroker charges 3% commission on round lots and 4.9% on odd lots. Compute for the following: Totalcost Proceeds Gain or loss on thetransaction