This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Lakeesha bought 300 shares of stock at 48.25 per share. Her broker charges 3 commission for round ... (Read 172 times)

amal

  • Hero Member
  • *****
  • Posts: 572
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
Results of one round of replication of DNA Results of one round of replication of DNA
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library