Laura bought 55 shares of stock for $3 50 per share last year She paid her broker a 1 commission She sold the stock this week for $2 per share, and paid her broker a $10 flat fee a What were Laura 's net proceeds Round to the nearest cent b What was her capital gain or loss ...

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Laura bought 55 shares of stock for $3.50 per share last year. She paid her broker a

Question:

Laura bought 55 shares of stock for $3.50 per share last year. She paid her a 1% commission. She sold the stock this week for $2 per share, and paid her a $10 flat fee.
a. What were Laura's net proceeds? Round to the nearest cent.
b. What was her capital gain or loss?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...