Question 25 • Financial Math
The stock costs 60 × $90 = $5,400, so its 2% commission is $5,400 × 0.02 = $108. The 2% fee on $7,000 of bonds is $7,000 × 0.02 = $140. Adding the fees gives $108 + $140 = $248, so the total fee is 248 dollars.
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