Solved

Solve the Problem A)$23,00715
B)$22,986

Question 13

Multiple Choice

Solve the problem.
-The following information on Company X appears in a stock table.  Solve the problem. -The following information on Company X appears in a stock table.   Find the cost to purchase 680 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows:  \begin{array} { l | l }  \text { Number of Shares } & \text { Commission } \\ \hline \text { Up to } 1000 & \$ 29.95 \\ \text { More than } 1000 & 3 \text { cents per share } \end{array}  A) $23,007.15 B) $22,986.75 C) $22,977.20 D) $22,956.80 Find the cost to purchase 680 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows:  Number of Shares  Commission  Up to 1000$29.95 More than 10003 cents per share \begin{array} { l | l } \text { Number of Shares } & \text { Commission } \\\hline \text { Up to } 1000 & \$ 29.95 \\\text { More than } 1000 & 3 \text { cents per share }\end{array}


A) $23,007.15
B) $22,986.75
C) $22,977.20
D) $22,956.80

Correct Answer:

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