Jo Bower Purchased 150 Shares of Stock for $24 a Share

question 38

Multiple Choice

Jo Bower purchased 150 shares of stock for $24 a share and sold it for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming she received no dividends during the time she owned the stock, what is her total return on this investment?

• A) $600
• B) $780
• C) $900
• D) $2,400
• E) $3,000

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Definitions:

Lexical Addition

The process by which new words are added to a language’s vocabulary, often reflecting social and technological changes.

Categorical Embellishment

An enhancement or ornamentation organized into distinct categories for clarity or emphasis; however, if referring to a recognized academic or technical term, it's not well-established.

Vocabulary Expansion

The process of learning and acquiring new words and phrases to increase the depth and breadth of one's language ability.

Private Speech

Verbal communication directed at oneself, often seen in developmental contexts as a way for children to guide and regulate their behavior.