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
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-> 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
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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:
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profit =
profit =
check the math
