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Question
Maria Fuentes bought 500 shares of Apollo Corporation preferred stock at $12.87. The commission on the purchase was$184.38. Maria later sold the stock at $20.15. The commission and fees on the sale were$228.
What was the total cost of the stock to Maria?
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 4For this exercise, we determine the total cost of Maria Fuentes' purchase of Apollo Corporation preferred stock for . There was a commission of on the purchase. She later then sold all of her shares at with a commission and other charges amounting to .
Do we have the necessary quantities to calculate the total cost?
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