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kathmed kathmed
wrote...
Posts: 366
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6 years ago
Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 per share. His broker charges 3 commission for round lots and 4 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
 A) 3,139.66
  B) 3,033.60
  C) 259.52
  D) (259.52)

Q. 2

The owner of a hot dog stand receives a loan of 3,750 at 8.25 for 9 months. Find the amount of simple interest.(Round to the nearest cent)
 A) 320.63
  B) 232.03
  C) 489.65
  D) 232.00

Q. 3

Lakeesha bought 300 shares of stock at 48.25 per share. Her broker charges 3 commission for round lots and 4 for odd lots. Calculate the total cost of the stock purchase.
 A) 15,025.63
  B) 14,909.25
  C) 13,820.00
  D) 25,115.88

Q. 4

What is the effective interest rate of a simple discount note for 2,700 at a bank discount rate of 12.25, for 36 months? (Round to the nearest tenth percent)
 A) 19.0
  B) 22.0
  C) 19.4
  D) 14.1

Q. 5

Shaylash bought 250 shares of stock at 31.38 per share. Several months later he sold the stock at 45.65 per share. His broker charges 4 commission for round lots and 5 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
 A) 10,933.19
  B) 8,174.49
  C) 2,758.69
  D) (2,758.69)
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wrote...
6 years ago
Ans. #1

D

Ans. #2

B

Ans. #3

B

Ans. #4

C

Ans. #5

C
kathmed Author
wrote...
6 years ago
TY
wrote...
6 years ago
My pleasure
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