Total profit after commissions?

Jeff Sellers bought 200 shares of ATL stock at $29.38. Eight months later, he sold the stock at $31.63. Assuming a 2% commission charge, what is the bottom line for Jeff? (Round your answer to the nearest cent.)

Lisa Loeb is considering buying 100 shares of CMA Record Company. The price of the shares is $52. She has checked around with different types of brokers and has been given the following commission quotes for the trade: online broker, $7; discount broker, $45; full-service broker, $98. a. Compute the percentage commission for all three categories. b. How many times larger is the percentage commission of the full-service broker compared with the online broker?

Spike Equino is the CEO of a private medical equipment company that is proposing to sell 106,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table.  Shares Price 21,200 $86 10,700 84 15,700 79 26,200 76 10,700 75 8,700 73 15,200 72 15,600 71 30,600 67   a. What will be the company’s total receipts from the sale if the auction is a discriminatory auction?   b. What if it is a uniform price auction?

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?

Ben, an avid day trader, buys and sells stock based on hot tips. He recently purchased Game Stop based on buzz from various websites. His transactions are as follows: • On Februry 1, he purchased 100 shares of the stock for $150/share, the stock was overvalued but the stock price continued to climb . On March 1, he sold the 100 shares for $100/share. He was so disappointed he thought the stock was a sure thing! . On March 20, he repurchased 85 shares for $110/per share. The stock price started climbing again and he wanted a piece of the action. What is the adjusted cost basis of the stock purchased on March 207

Bob invested 3,000 and borrowed 3,000 to purchase shares in Verizon communications. At the time of his investment Verizon was selling for 47 a share. If bob paid a 30 commission how many shares could he buy if he used only his own money and did not use margin?

Amelia purchased 500 shares of Xienna stock at RM50 per share. She owns RM15,000 to invest and the minimum initial margin requirement is 50%. She held the stock for exactly four months and sold it without any brokerage cost at the end of that period. During the four-month holding period, the stock paid RM1.50 per share in cash dividends. Amelia was charged 8% annual interest on the margin loan. The minimum maintenance margin was 30%. While her husband, Afiq prefer to trade in stock futures. Afiq are bearish on Sunway stock and decide to short sells 300 shares. The initial margin is 50%, and the maintenance margin is 35%. A year later, Sunway price has risen from RM25 to RM37, and the stock has paid a dividend of RM2.00 per share. Required: a. Calculate the initial value of Amelia investment and borrowing amounts. b. What is the percentage margin when she first purchases the stock? c. Calculate the (1) dividend received and (2) interest paid on the margin loan during the four-month…

Bruce buys ​$9,000 of Sketchy Corporation stock. ​ Unfortunately, a major newspaper reveals the very next day that the company is being investigated for accounting​ fraud, and the stock price falls by 62​%. What is the percentage increase now required for the value of​ Bruce's stock to get back to what he paid for​ it?

Tammy Jackson purchased 109 shares of All-American Manufacturing Company stock at $33.60 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 $43 commission when she sold it. During the 12 months she owned the stock, she received $198 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