Joanne Blower Owns 200 Shares of Corel Corporation Stock

question 73

Multiple Choice

Joanne Blower owns 200 shares of Corel Corporation stock.She purchased the stock for $22 a share.She sold her stock for $28 a share.The commissions required to buy and sell her stock totaled $180.Assuming that she received no dividends during the time she owned the stock, what is her total profit from this transaction?

• A)$180
• B)$780
• C)$1,380
• D)$1,020
• E)$1,200

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