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Unformatted text preview: and paid a commission of $360. a) What was the amount of the sale? b) What was the net sale (after commissions)? c) What was the net profit or loss? 6) Laura Long recently SOLD 45 shares of stock for $44.25 per share. She paid a 3% sales commission. When she bought the stock, she paid $41.50 per share and paid a 3.6% commission. a) what was the cost of the stock (without commission)? b) what was the total paid? c) what was the amount of the sale (w/out commission)? d) what was the net sale? e) what was the profit or loss from the sale? 7) Ralph G. purchases a $9500 bond at 88.25. It pays 6% annual interest. a) what is the cost of the bond? b) What is the annual interest earned? c) what is the annual yield? 8) You use some birthday money to buy a $2500 bond at 82.875. It pays an annual interest of 8.75%. a) what is the cost of the bond? b) What is the annual interest earned? c) what is the annual yield?...
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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
 VariousProfessorsListed

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