8
QuizMultiple Choice

Building a Portfolio — Quiz

Question 8 • Financial Math

Dominique buys 75 shares of a stock at $⁢120 each and makes 6 trades. The transaction fee is $⁢20 per trade. What is the total amount Dominique pays in transaction fees?

Answer
A
120 dollars
B
200 dollars
C
100 dollars
D
60 dollars

Explanation

The transaction fee is $20 for each trade, and Dominique makes 6 trades. Multiply $20 × 6 = $120, so Dominique pays 120 dollars in transaction fees. The number of shares does not affect the fees in this question.

AI-written and checked against the verified answer.

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