Buying and Selling Stock Answers

Cassie’s broker charges her a commission of $4.25 for every ten shares of stock bought or sold. Cassie buys 92 shares of Hyren Airlines, 130 of Giaco Household Goods, and 126 of Iwad Records. Hyren Airlines costs $13.70 per share, Giaco Household Goods costs $3.28 per share, and Iwad Records costs $8.06 per share. To the nearest dollar, how much money did Cassie spend in total?a.$3,851b.$2,850c.$2,702d.$2,551

Consider today’s stock listing for Enam Telecom, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change122.8664.77ENM3.4599.144.74If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.a.$4.74b.$0.72c.$0.49d.$1.34

Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel’s broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar?a.$20,459b.$51,933c.$14,661d.$8,859

Your broker charges a commission of 5.1% of the cost of the stock you sell. If you sell a batch of stocks worth $2,617.75, how much commission will you owe your broker?a.$133.51b.$513.28c.$110.56d.$392.66

Jackie’s broker charges her a commission of $8 per ten shares of stock she buys or sells. If Jackie buys 77 shares of Alesia Insurance at $10.34 per share and 120 shares of Ergar Appliances at $8.11 per share, how much will Jackie spend in commission?a.$796.18b.$157.60c.$973.20d.$1,926.98

Consider today’s stock listing for Rayje Clothiers, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change225.80169.96RAJ25.10200.4313.74Today, you sold the 459 shares of Rayje Clothiers that you purchased yesterday. How much profit did you make?a.$13,985.73b.$11,520.90c.$5,338.17d.$6,306.66

If you sell 225 shares of Dryas Security at $5.12 per share and 340 shares of Cilla Shipping at $12.43 per share, how much money will you receive, to the nearest dollar?a.$1,152b.$5,378c.$4,226d.$3,074

Yesterday, stock in Chambers Translation sold for $87.19 per share. Today, the same share costs $95.45. How would the net change appear in a stock listing?a.1.09b.-1.09c.8.26d.-8.26

Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold. Ben bought 442 shares of Xyx Motors when the share price was $15.67, and sold them when the share price was $23.14. How much profit did Ben make?a.$10,227.88b.$8,083.62c.$1,157.48d.$3,301.74

Examine today’s stock listing for SFT Legal, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change74.8044.61SFT8.9456.115.74What was the price of SFT Legal yesterday?a.$47.17b.$56.11c.$50.37d.$61.85