Question

At your full-service brokerage firm, it costs $110 per stock trade. How much money do you receive after selling 100 shares of Time Warner, Inc. (TMX), which trades at $22.62?

A. $2,152.00
B. $2,262.00
C. $2,372.00
D. $2,388.20

Answer 1

A. $ 2,152

Step-by-step explanation:

The total selling price of 100 shares at $22.62 is

100 *22,62 = $ 2,262

Less:Brokerage firm fees $ 110

Money received from sale of 100

shares of TMX $ 2,152