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chubhunter [2.5K]
3 years ago
14

Calculating Total Return. Tammy Jackson purchased 100 shares of All-American Manufacturing Company stock at $31.50 a share. One

year later, she sold the stock for $38 a share. She paid her broker a $28 commission when she purchased the stock and a $42 commission when she sold it. During the 12 months she owned the stock, she received $160 in dividends. Calculate Tammy’s total return on this investment. (Obj. 1)
Business
1 answer:
Mandarinka [93]3 years ago
4 0

Answer:

$20.50

Explanation:

She paid: $31.50+ $28= $59.50

Return: $38+ $42= $80

So, $80- $59.50= $20.50

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