Jed Clampett needs help analyzing his latest investment. Details are as follows:

Purchased: 150 shares @ $45.35 per share

Commissions Paid When Purchased: $15.00

Sold: 150 shares @ $43.25

Commissions Paid When Sold: $10.00

Dividends Received: $2.50 per share

Required

Calculate the requested amounts.

Questions	Answers
What was the total amount paid for the stock when purchased?
What were the net proceeds from the stock when sold?
What was the gain or loss on the sale of the stock?
What was the amount of dividend received?
What is the total gain or loss from owning the stock?
What was the rate of return from owning the stock? Show as a percentage with two decimals.

Answer rating: 100% (QA)

Using the given information we can calculate the following 1 The total amount paid for the stock whe... View the full answer