8
InstructionMultiple Choice

Buying and Selling Stock

Question 8 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Stock in Globin Publishing costs $8.72 per share. Mary buys 105 shares of Globin Publishing through her broker, who charges her a commission of $348. How much did Mary pay in total to purchase the stock?

Answer
A
$468.41
B
$915.60
C
$1,263.60
D
$3,139.56

Explanation

First find the cost of the shares: 105 × $8.72 = $915.60. Add the broker’s $348 commission: $915.60 + $348 = $1,263.60. Therefore, the total Mary paid was $1,263.60, choice c.

AI-written and checked against the verified answer.

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