Bobby bought 550 shares of stock at 61.25 per share. His broker ...

[james]

Bobby bought 550 shares of stock at 61.25 per share. His broker charges 4 commission for round lots and 5 for odd lots. Calculate the total cost of the stock purchase.
 A) 35,065.63
  B) 39,258.65
  C) 33,710.00
  D) 35,371.88

Question 2

Yo Yogurt received a promissory note of 15,500 for 16 months at 8 simple interest from one of its customers. After 9 months, the note was discounted at Gassaway Bank at a discount rate of 10. What are the proceeds Yo Yogurt will receive from the discounted note? (Round to the nearest cent)
 A) 13,846.67
  B) 16,152.72
  C) 17,153.33
  D) 14,595.83

[briseldagonzales]

Answer to Question 1

A

Answer to Question 2

B

[james]

Thank you

[briseldagonzales]

Happy to help you