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Jack Richman purchased 200 shares of MBI stock at $25 a share. A year later, he sold the s

Jack Richman purchased 200 shares of MBI stock at $25 a share. A year later, he sold the s

Jack Richman purchased 200 shares of MBI stock at $25 a share. A year later, he sold the stock for $30 a share. Jack paid his broker a $50 commission when he purchased the stock and a $60 commission when the stock was sold. During the year he owned the stock, he received $200 in dividends.

Compute each of the following:

a. Selling price of the stock

b. Total return

Abhinav 04-Dec-2019

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