How much profit did he make on his verizon stock investment

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Reference no: EM131185255

Bob orleans invested $3,000. and borrowed $3,000. to purchase shares in verizon communications. At the time of his investment, verizon wa selling for $40 a share. Assuming Bob did use margin, paid a $60 total commission to buy his verizon stock and another $60 to sell his stock, and sold the stock for $47 a share, how much profit did he make on his verizon stock investment?

Reference no: EM131185255

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How much profit did he make on his verizon stock investment : Bob orleans invested $3,000. and borrowed $3,000. to purchase shares in verizon communications. At the time of his investment, verizon wa selling for $40 a share. Assuming Bob did use margin, paid a $60 total commission to buy his verizon stock and a..

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