SOLUTION: Mr. Davies purchased 500 shares of stock at 43.69, recieved a dividend of 37 cents per share, and then sold 300 shares at 49. He then recieved a dividend of 75 cents per share on t

Question 1126569: Mr. Davies purchased 500 shares of stock at 43.69, recieved a dividend of 37 cents per share, and then sold 300 shares at 49. He then recieved a dividend of 75 cents per share on the remaining stock and subsequently sold the remaining shares at 51.25. Find his profit.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Purchase price foe 500 shares:

1st dividend:

Sold 300 shares:

2nd dividend:

Sold remaining shares:

--------------------------------
profit =
profit =
check the math

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