An investor

An investor purchased 75 shares of stock at $42.80 per share, and 6 months later sold the shares for $47.15 per share. The $20 stockbroker fee will not be charged for this sale. Calculate the total profit or loss of the transaction.

Correct result:

p =  326.25 USD

Solution:

p=75⋅ (47.15−42.80)=13054=326.25 USDp=75 \cdot \ (47.15-42.80)=\dfrac{ 1305 }{ 4 }=326.25 \ \text{USD}

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