Investment in Yellow Corporation stock 2516 You purchase 196

Investment in Yellow Corporation stock 25/16 You purchase 19,600 shares of Yelow Corporation stock for $3.60 per share (Yollow Corporation has 49,000 shares outstanding) You pay a broker fee of $392 1231/16 Yellow Corporation declares net income of $58 800 11/15/17 You sel 5,700 shares of your Yellow Company stock for $29,697 In addtion, you pay a broker fee of $114 What is the asount of the gain or loss on the sale of the shares on 11/15/177 Enter a GAIN as a positive number or a LOSS as a nogalivo number using a minus sign

Solution

19600×3.60= 70560 + 58800 = 129360

129360 - 29697 = 99663/-

$ 99663/- is the amount of gain on the sale of the shares.