Questions: For the following stock investment, find (a) the total purchase price, (b) the total dividend amount, (c) the capital gain or loss, (d) the total return, and (e) the percentage return. Ignore broker and SEC fees. Number of shares Purchase price per share Dividend per share Sale price per share 40 60 6 132 (a) What is the total purchase price? square

For the following stock investment, find (a) the total purchase price, (b) the total dividend amount, (c) the capital gain or loss, (d) the total return, and (e) the percentage return. Ignore broker and SEC fees. Number of shares Purchase price per share Dividend per share Sale price per share 40 60 6 132 (a) What is the total purchase price? square
Transcript text: For the following stock investment, find (a) the total purchase price, (b) the total dividend amount, (c) the capital gain or loss, (d) the total return, and (e) the percentage return. Ignore broker and SEC fees. Number of shares Purchase price per share Dividend per share Sale price per share 40 $\$ 60$ \$6 \$132 (a) What is the total purchase price? $\$ \square$
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Solution

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Solution Steps

To find the total purchase price, we need to multiply the number of shares by the purchase price per share.

Step 1: Calculate Total Purchase Price

To find the total purchase price, we use the formula: \[ \text{Total Purchase Price} = \text{Number of Shares} \times \text{Purchase Price per Share} \] Substituting the given values: \[ \text{Total Purchase Price} = 40 \times 60 = 2400 \]

Final Answer

The total purchase price is \(\boxed{2400}\).

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