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What are the proceeds on the sale

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Reference no: EM132037620

You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9.88. Your stockbroker charges 3% commission on round lots and an extra 1.5% on odd lots. What is the total cost of the purchase? What are the proceeds on the sale? What is the gain (or loss) on the transaction.

Reference no: EM132037620

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