Question 7 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
First find the stock cost: 92 × $13.70 = $1,260.40, 130 × $3.28 = $426.40, and 126 × $8.06 = $1,015.56, for a total of $2,702.36. The 348 shares cost 34.8 groups of ten in commission, so the commission is 34.8 × $4.25 = $147.90. Adding the commission gives $2,850.26, which rounds to $2,850, the choice “$2,850.”
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