Last month Joe purchased 100 shares of stock. Here are the details of the purchase: • When Joe purchased the stock, he paid $32.87 per share.• Joe paid his stock broker a commission that amounted to 2% of the amount he paid for the stock. Two months later Joe sold the stock. Here are the details of the sale:• He sold the stock for $33.92 per share.• He paid his stock broker another commission that amounted to 2% of the amount he received for the stock. Write a program that displays the following information:• The amount of money Joe paid for the stock.• The amount of commission Joe paid his broker when he bought the stock.• The amount that Joe sold the stock for.• The amount of commission Joe paid his broker when he sold the stock.• The amount of profit or loss that Joe had after selling his stock and paying both broker commissions.

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter19: Probabilistic Dynamic Programming
Section19.4: Further Examples Of Probabilistic Dynamic Programming Formulations
Problem 7P
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Last month Joe purchased 100 shares of stock. Here are the details of the purchase:

• When Joe purchased the stock, he paid $32.87 per share.
• Joe paid his stock broker a commission that amounted to 2% of the amount he paid for the stock.

Two months later Joe sold the stock. Here are the details of the sale:
• He sold the stock for $33.92 per share.
• He paid his stock broker another commission that amounted to 2% of the amount he received for the stock.

Write a program that displays the following information:
• The amount of money Joe paid for the stock.
• The amount of commission Joe paid his broker when he bought the stock.
• The amount that Joe sold the stock for.
• The amount of commission Joe paid his broker when he sold the stock.
• The amount of profit or loss that Joe had after selling his stock and paying both broker commissions.

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