(Solved):Last month Joe purchased some stock in Acme software, Inc. Here are the details of the purchase: – The number of shares that Joe purchased was 1,000. – When joe purchased the stock, he paid $45.50… View Answer…

 

Question

Last month Joe purchased some stock in Acme software, Inc. Here are the details of the purchase:

– The number of shares that Joe purchased was 1,000.

– When Joe purchased the stock, he paid $45.50 per share.

– Joe paid his stockbroker a commission that amounted to 2% of the amount he paid for the stock.

Two weeks later Joe sold the stock. Here are the details of share:

– The number of shares

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