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Author Question: Lakeesha bought 300 shares of stock at 48.25 per share. Her broker charges 3 commission for round ... (Read 200 times)

amal

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on: Jun 24, 2018
Lakeesha bought 300 shares of stock at 48.25 per share. Her broker charges 3 commission for round lots and 4 for odd lots. Calculate the total cost of the stock purchase.
 A) 15,025.63
  B) 14,909.25
  C) 13,820.00
  D) 25,115.88

Question 2

What is the effective interest rate of a simple discount note for 2,700 at a bank discount rate of 12.25, for 36 months? (Round to the nearest tenth percent)
 A) 19.0
  B) 22.0
  C) 19.4
  D) 14.1


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mochi09

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

B

Answer to Question 2

C


amal

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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