Jeff Ryan Bought 200 Shares of BUI for $19

question 132

Multiple Choice

Jeff Ryan bought 200 shares of BUI for $19.50. Eight weeks later he sold the stock for $20.75. Assuming a 3% commission, his bottom line was a gain of:

• A)$250.00
• B)$374.50
• C)$8.50
• D)$257.50
• E)None of these

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Definitions:

[H+]

The concentration of hydrogen ions in a solution, often used as a measure of the acidity of a solution, with lower values indicating higher acidity.

HBr

Hydrobromic acid, a strong acid formed by dissolving hydrogen bromide in water.

[H+]

[H+] denotes the concentration of hydrogen ions in a solution, which is a measure of the acidity or alkalinity (pH) of the solution.

K

The chemical symbol for Potassium, a soft, silver-white metal belonging to the alkali metal group of the periodic table.