May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?

Question

May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

kjdavid Bennett · Accepted Answer

Final Answer : $2,279.90 Loss​

May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?

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Learning Objectives

Related questions

May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?​

Definitions

Learning Objectives

Learning Objectives

Related questions

May purchased 500 shares of XYZ stock at $31.45. One year later she sold the 500 shares at $26.97. She paid a transaction fee of $19.95 for each transaction. What was her gain or loss on the sale?