Mathematics, 20.07.2020 06:01 hallmansean04
Alex decides to invest in the stock of company Z by purchasing 1,000 shares at $2.35 per share. After a short while, the stock rises to $2.68 per share, at which point Alex decides to sell, realizing a profit. As a result of the sale, Alex must pay his stockbroker a fee, calculated as 5% of the profit on the investment. Calculate Alex's pre-tax profit (i. e. Total profit on the investment minus the broker fees). Give your answer in dollars and cents.
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Alex decides to invest in the stock of company Z by purchasing 1,000 shares at $2.35 per share. Afte...
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