BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Terell Lewis bought 1, 200 shares of International Hotels stock at $31.45 per share. He held the stock for 6 months and sold it at $32.52. Each transaction has a commission of $30 plus $0.02 per share. What is the profit or loss for the sale?
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$3, 458 loss
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$2, 453 profit
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$3, 045 loss
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$1, 176 profit
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Explanation:
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