Callie Zimmerman purchased 100 shares of a toy company stock at $12.58 per share. Her online stock broker charged $0.04 per share for commission. What is the total cost of the stock? A. $1,397 B. $1,262 C. $1,554 D. $2,982

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Expert answered|jenzig|Points 30|

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Asked 12/5/2010 1:23:14 AM

Updated 1/13/2025 9:55:17 AM

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cruz30

Total Cost = (Number of shares x Price per share) + Commission
Total Cost = (100 shares x $12.58 per share) + (100 shares x $0.04 commission per share)
Total Cost = ($1258) + ($4)
Total Cost = $1262
Therefore, the correct answer is: $1,262

Added 1/13/2025 9:55:17 AM

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