Question: Problem 0 1 . 0 1 1 Interest Rate and Rate of Return Abby purchased 1 0 0 shares of her father's favorite stock for

Problem 01.011 Interest Rate and Rate of Return
Abby purchased 100 shares of her father's favorite stock for $27 per share exactly 1 year ago, commission free. She sold it today for a
total amount of $3150. She plans to invest the entire amount in a different corporation's stock today, but she must now pay a $30
commission fee. If she plans to sell this new stock exactly 1 year from now and realize the same return as she has just made, what must
be the total amount she receives next year? Include the commission fee as a part of the purchase price, but neglect any tax effects.
The total amount that she receives next year is $
Problem 01.011 Interest Rate and Rate of Return Abby purchased 100

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