Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later,

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Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker $8 commission when they purchased the stock and a $12 commission when they sold the stock. During the twelve month period they owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandez’s total return for this investment.

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...
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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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