(Answered) Abby purchased 100 shares of her fathers favorite stock for

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Abby purchased 100 shares of her father's favorite stock for $29 per share exactly 1 year ago, commission free. She sold it today for a total amount of $3100. She plans to invest the entire amount in a different corporation's stock today, but she must now pay a $60 commission fee. If she plans to sell this new stock exactly 1 year from now and realize the same return as she has just made, what must be the total amount she receives next year? Include the commission fee as a part of the purchase price, but neglect any tax effects.

The total amount that she receives next year is $

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