Ryan Neal bought 2,400 shares of Ford at $16.02 per share. Assume a commission of 1% of the purchase price. Ryan sells t

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answerhappygod
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Ryan Neal bought 2,400 shares of Ford at $16.02 per share. Assume a commission of 1% of the purchase price. Ryan sells t

Post by answerhappygod »

Ryan Neal bought 2,400 shares of Ford at $16.02 per share.
Assume a commission of 1% of the purchase price. Ryan sells the
stock for $20.33 with the same 1% commission rate. What is the gain
or loss for Ryan? (Input the amount as a positive value. Round your
answer to the nearest cent.)
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