POSSIBLE POINTS: 16.67
Last year, Marie bought 1,500 shares of a stock for $89 per share and paid a $12 flat fee. This year, she sold
all 1,500 shares for $98 per share and paid a 2% commission fee.
a. What was the value of the trade when Marie purchased the stock?
b. How much did Marie have to give her broker in total for the stock purchase?
c. What was the value of the trade when she sold the stock?
d. How much did Marie receive from the broker after the sale?
e. What were her net proceeds?
f. What was her capital gain or loss?
Her capital (gain, loss)
was $