Through Viking Brokerage, Erin purchased $23,510 worth of stock and paid
1 answer:
The most appropriate choice for stocks and net proceeds will be given by-
Net proceeds of Erin = $3533.9
What is stock and net proceeds?
Stock
Stock is a part of share set up by the company so that people can buy.
Net proceeds
After deducting all expenses, amount recieved by the seller after selling of stocks is called net proceeds.
Worth of stocks purchased by Erin = $23510
Percentage paid to her broker = 1%
Amount paid to broker =
= $235.1
Now price of stocks increased to $27300
Net profit = $(27300 - 23510)
= $3790
Net proceeds = $(3790 - 235.1 - 21)
=$3533.9
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Hope this helps...
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