Homework Answers
Solution :
The formula for calculating the Total Return on an Investment is
Total Return = [ Sale price – Purchase Price – Commission paid ]
Calculation of purchase price:
As per the information given in the question we have
250 shares were purchased for $ 35 per share
Thus purchase price = No. of shares * Price per share
= 250 * $ 35
Thus purchase price = $ 8,750
Calculation of Sale price:
As per the information given in the question we have
250 shares were sold for $ 41 per share
Thus sale price = No. of shares * Sale price per share
= 250 * $ 41
Thus Sale price = $ 10,250
Total commission paid to buy and sell the stock = $ 320
Applying the above information in the formula for total return on Investment we have
= $ 10,250 - $ 8,750 - $ 320
= $ 1,180
Thus the total return on the Investment = $ 1,180
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