Question

10. Stock Transaction Program 18pts
Last month Joe purchased some stock in Acme Software, Inc. Here are the details of the purchase: • The number of shares that Joe purchased was 1,000. • When Joe purchased the stock, he paid $32.87 per share. • Joe paid his stockbroker a commission that amounted to 2 percent of the amount he paid for the stock.

Two weeks later Joe sold the stock. Here are the details of the sale: • The number of shares that Joe sold was 1,000. • He sold the stock for $33.92 per share. • He paid his stockbroker another commission that amounted to 2 percent of the amount he received for the stock.

Design a program that displays the following information: ● The amount of money Joe paid for the stock. ● The amount of commission Joe paid his broker when he bought the stock. ● The amount that Joe sold the stock for. ● The amount of commission Joe paid his broker when he sold the stock. ● Did Joe make money or lose money? Display the amount of profit or loss after Joe sold the stock and paid his broker (both times).

Answer 1