A Pension Fund Purchased 15 Round Lots of Aldridge, Inc

Multiple Choice

A pension fund purchased 15 round lots of Aldridge, Inc., stock at the closing price of the day yesterday. The stock opened at $34.60 per share today, the current price is $34.50 per share, and the stock is down by $.20 per share. What was the cost of that purchase?

A) $4,410
B) $5,205
C) $52,050
D) $71,200
E) $86,800