The number of shares could he buy is 63.19 and 126.38. Then the profit gained by Bob is $764.68.
<h3>What is the profit gained by Bob?</h3>
Bob Orleans invested $3,000 and borrowed $3,000 to purchase shares in Verizon Communications.
At the time of his investment, Verizon was selling for $47 a share.
If Bob paid a $30 commission, then the number of shares could he buy if he used only his own money and did not use margin.
If Bob paid a $60 commission, then the number of shares could he buy if he used his $3,000 and borrowed $3,000 on margin to buy Verizon stock will be
Assume Bob did use margin and paid a $60 total commission to buy his Verizon stock. Also, assume he paid another $60 to sell his stock and sold the stock for $54 a share. Then the profit will be
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