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Jo Bower Purchased 150 Shares of Stock for $24 a Share

Question 38

Multiple Choice

Jo Bower purchased 150 shares of stock for $24 a share and sold it for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming she received no dividends during the time she owned the stock, what is her total return on this investment?


A) $600
B) $780
C) $900
D) $2,400
E) $3,000

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