Sarah and James Hernandez purchased 400 share of Cisco Sustems stock at $19.80 a share....

80.2K

Verified Solution

Question

Accounting

Sarah and James Hernandez purchased 400 share of Cisco Sustems stock at $19.80 a share. One year later, they sold the stock for $24.45 a share. They paid a broker $36 commission when they purchased the stock. During the 12-month period the couple owned the stock, Cisco Systems paid no dividends.
Calculate the Hernandez's total return for this investment.
Round your answer to the nearest whole number.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students