Melanie purchased 621 shares of Animite Energy at $30.60 apiece. When the price hit $36.23 per share, Melanie sold her holdings in Animite Energy. Melanie’s broker charges $48 for each $1,000 of stock bought or sold. How much profit did Melanie make?a.$1,504.17b.$22,498.83c.$3,496.23d.$1,992.06

Question

Revolt · Accepted Answer

A

Buying and Selling Stock

Melanie purchased 621 shares of Animite Energy at $30.60 apiece. When the price hit $36.23 per share, Melanie sold her holdings in Animite Energy. Melanie’s broker charges $48 for each $1,000 of stock bought or sold. How much profit did Melanie make?a.$1,504.17b.$22,498.83c.$3,496.23d.$1,992.06

More from this Course