Jad invests in 100 shares of a stock priced at $40 per share and completes 4 trades. If the transaction fee is $12 per trade, how much does Jad pay in total transaction fees?
Answer
A
96 dollars
B
120 dollars
C
48 dollars
D
24 dollars
Explanation
The transaction fee is $12 for each trade, and Jad completes 4 trades. Multiply 4 × $12 = $48, so Jad pays 48 dollars in total transaction fees.
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