3
QuizMultiple Choice

Building a Portfolio — Quiz

Question 3 • Financial Math

Kinsley purchases 60 shares of a stock priced at $⁢80 per share. She makes 3 trades, and the transaction fee is $⁢15 per trade. What is the total transaction fee Kinsley will pay?

Answer
A
30 dollars
B
90 dollars
C
180 dollars
D
45 dollars

Explanation

The transaction fee is charged per trade, so the number of shares and their price do not affect the fee. Multiply 3 trades by $15 per trade: 3 × $15 = $45. Kinsley will pay 45 dollars in transaction fees.

AI-written and checked against the verified answer.

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