Sign In Sign Up Ask an AI advisor
braydenmcd02
braydenmcd02
16.12.2020 • 
Business

I need help with these twp questions below: Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 5 percent. Six months later, she sold the stock for $40 per share. Carolyn paid a commission of $120 and repaid the loan. Her net profit was $
.00.

Nathan bought 200 shares of stock at $40 per share ($8,000 total). He paid $5,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 6 percent.

Six months later, the stock’s current price is $38 per share. If Nathan sells now, he will pay a commission of $160 and will have to repay the loan. If he sells now, he will lose $
.00.

Solved
Show answers

Ask an AI advisor a question

I want advice