Question

@Tiroc

Jen bought 30 shares of eBay at the close price of $20.95. She bought 20 more shares a year later at the price of $25.50. Two years later, she sold all of her shares at the price of $28.75. Her broker charges $50 for each transaction. How much money will Jen receive after her last transaction?

A. $1407.50
B. $1409.50
C. $1387.50
D. $1437.50

Answer 1

None of those answers seem correct. Are you sure that those are your choices?

Answer 2

yes

Answer 3

Sorry I read the question wrong. You have to multiply the TOTAL number of shares she owns by the final price of the stock. Then you must subtract the transaction cost ($50)

Answer 4

1437.5

Answer 5

Minus transaction costs

Answer 6

1387.5

Answer 7

You got it