Neco 2017 Commerce Question 5
Practice objective / multiple choice question 5 from the 2017 Neco Commerce examination.
An investor buys 200 shares of Company X at \\(\\text{₦}1,250\\) per share, paying a brokerage commission of \\(0.5\\%\\) of the transaction value. Later the investor sells 120 shares at \\(\\text{₦}1,400\\) per share, paying the same commission rate and also a securities transaction tax (STT) of \\(0.15\\%\\) on the sale value. The investor then receives a dividend of \\(\\text{₦}50\\) per share on the remaining 80 shares held. Determine the overall profit or loss realised by the investor after all costs, commissions, taxes and dividend income.
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About This Question
This is Neco 2017 Commerce Question 5. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Hard .
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