Colin Owns 100 Shares of RIM Stock

question 119

Multiple Choice

Colin owns 100 shares of RIM stock.He purchased the stock for $100 a share.He sold the stock for $75 a share.The commissions required to buy and sell the stock totaled $60.Assuming that he received no dividends during the time he owned the stock, what is his total profit or loss from this transaction?

• A)Profit $2,500
• B)Profit $60.00
• C)Loss $2,500
• D)Loss $2,560
• E)Loss $2,440

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A material made from fibers, threads, or yarns, used for producing clothing, household items, and other textiles.

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Supply

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