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Author Question: Marty purchased 290 shares of stock at 11.55 per share. The commission is 4 for round lots and an ... (Read 115 times)

tfester

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on: Jun 24, 2018
Marty purchased 290 shares of stock at 11.55 per share. The commission is 4 for round lots and an additional 5 for odd lots. What is the total cost of the transaction?
 A) 51.75
  B) 92.40
  C) 3,349.50
  D) 3,493.65

Question 2

Mary is considering the purchase of 5 bonds. What is the market value of these bonds? Face value of each bond: 500 Price per bond: 75.5 Interest rate: 9.25 Commission per 500 bond: 5
 A) 231.25
  B) 1,887.50
  C) 2,642.50
  D) 18,875


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Mholman93

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

D

Answer to Question 2

B


tfester

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

atrochim

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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