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Unformatted text preview: Show all steps!! A. You decide to invest in a stock that you have heard about. Currently, the stock costs $22.50 per share and you decide to buy 350 shares. If your broker charges a commission of 1% of the total sales price, how much do you pay to buy the stock? B. 2 years later, the stock is worth $35.00 per share, and you decide to sell all of it. This time your broker charges a commission of 1.5% of the total. Find the amount of profit or loss. How do you decide whether it is a profit or loss? C. Suppose the government levies a capital gains tax of 15% on all money earned. Would you be subject to this tax? If so, what is the actual amount of your profit? Content:_______ Reasoning:_______ Communication:_______ TOTAL:_______...
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This note was uploaded on 01/24/2012 for the course HUM 9999 taught by Professor Variousprofessorslisted during the Summer '06 term at Abilene Christian University.
- Summer '06