Final answer:
You need $6,280.00 to buy 200 shares of Pfizer, Inc. (PFE) trading at $31.40 per share, not accounting for any potential transaction fees or commissions.
Step-by-step explanation:
To calculate how much money you need to buy 200 shares of Pfizer, Inc. (PFE), you simply multiply the number of shares by the trading price per share. With Pfizer trading at $31.40 per share, the calculation would be 200 shares × $31.40 per share.
The total amount needed to purchase 200 shares of Pfizer would be:
200 × $31.40 = $6,280.00
This figure represents the total expenditure required, excluding any transaction fees or commissions that may apply when actually purchasing the stock through a broker.