Question

Tammy Jackson purchased 106 shares of All-American Manufacturing Company stock at $39.30 a share. One year later, she sold the stock for $45 a share. She paid her broker a $33 commission when she purchased the stock and a $48 commission when she sold it. During the 12 months she owned the stock, she received $162 in dividends. Calculate Tammy’s total return on this investment. (Round all intermediate calculations and final answer to the nearest whole number.)

Answer 1

Tammy Jackson a) 106 Shares @ $39.30 per a purchased Total Shave capital $ 4165-8 kpit Add commission at Purchase a $ 33 Total purchaus amout $ 4198.8 share She sold to 6 shares @ $45 per sh Total sale amout $ 4770 90 commission af sal = $(48) Les $ 4722 Add Received dividind $ 162 $ 4884 is The Total return on Investreet $ 4884 - $ 4198.8 = $ 685.2 the Tola retum = $685.2 - (profit) $4884 | Total return a