Multiple Choice
Suppose you bought 600 shares of a stock at $38.34 using a broker that charged a 1% commission.
A. Find the total cost of buying the stock.
B. If you sold them later at $38.97 using an online brokerage with a $9.95 flat fee, would you have
Made or lost money? How much?
A) a. $23,234.04; b. lost $138.01
B) a. $23,004.00; b. made $378.00
C) a. $23,004.00; b. lost $378.00
D) a. $23,234.04; b. made $138.01
Correct Answer:
Verified
Correct Answer:
Verified
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