SOLUTION: Howard bought 10,000 shares of VBI stock at 18 1/2 and sold it two weeks later at 21 7/8. How much of a profit did Howard realize from his stock trades, excluding commissions?

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: Howard bought 10,000 shares of VBI stock at 18 1/2 and sold it two weeks later at 21 7/8. How much of a profit did Howard realize from his stock trades, excluding commissions?       Log On


   

Question 406684: Howard bought 10,000 shares of VBI stock at 18 1/2 and sold it two weeks later at 21 7/8. How much of a profit did Howard realize from his stock trades, excluding commissions?
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Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

	Howard bought 10,000 shares of VBI stock at 18 1/2 and sold it two

 weeks later at 21 7/8. How much of a profit did Howard realize from his stock

 trades, excluding commissions?

     21 7/8 - 18 4/8 = 3 3/8 profit

    10,000 *3.375  = $33,750 profit