Buying Stock with Commission At your discount brokerage firm, it costs $10.40 per stock trade. How...
Buying Stock with Commission At your discount brokerage firm, it costs $10.40 per stock trade. How much money do you need to buy 500 shares of Ralph Lauren (RL), which trades at $85.22?
Multiple Choice
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$42,599.00
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$47,810.00
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$42,599.60
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$42,620.40
Homework Answers
d.$42,620.40.
price of shares = $85.22 *500 shares
=>42,610.
add to it cost of trade =>42,610+10.40 =>42,620.40.
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