abby purchased 100 shares of her dad s favoritestock for usd25 80 per
Abby purchased 100 shares of her dad's favoritestock for $25.80 per share exactly 1 year ago, com-mission free. She sold it today for a total amount ofS2865. She plans to invest the entire amount in adifferent corporation's stock today, but must nowpay a S50 commission fee. If she plans to sell thisnew stock exactly 1 year from now and realize thesame return as she has just made, what must be thetotal amount she receives next year? Include thecommission fee as a part of the purchase price, butneglect any tax effects.
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