Jen bought 30 shares of eBay at the close price of $20.95. She bought 20 more shares a year later at the price of $25.50. Two years later, she sold all of her shares at the price $28.75. If her broker charges $30 for each transaction, how much money will Jen have after all of her transactions? A. $1387.50 B. $1409.50 c. $1407.50 D. $1437.50

2 answers
Question:

Jen bought 30 shares of eBay at the close price of $20.95. She bought 20
more shares a year later at the price of $25.50. Two years later, she sold all of
her shares at the price $28.75. If her broker charges $30 for each transaction,
how much money will Jen have after all of her transactions?
A. $1387.50
B. $1409.50
c. $1407.50
D. $1437.50

Answers

Answer:The answer is: C. $1407.50Step-by-step explanation:Buying:30 * $20.95 + 20 * $25.50 =  $628.50 + $510 = $1138.Selling:50 * $28.75 = $1437.50Remaining Cash:$1437.50 - $30 = $1407.50(This answer assumes Jen paid the other $30 per transaction when she bought the original shares, but had to pay $30 when she sold the shares.)

Answer:  The answer is $1407.50 APEX

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