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Author Question: Bobby bought 550 shares of stock at 61.25 per share. His broker charges 4 commission for round lots ... (Read 427 times)

james

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on: Jun 24, 2018
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


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briseldagonzales

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


james

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Reply #2 on: Jun 24, 2018
Thank you :)


briseldagonzales

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Reply #3 on: Jun 24, 2018
Happy to help you


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