ezto. boutique - Yahoo Search Resuits Yahoo Ser. s: 2017FS FINANC 2000 Hegger mu

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ezto. boutique - Yahoo Search Resuits Yahoo Ser. s: 2017FS FINANC 2000 Hegger mura connect. FIN 2000 FS2017 All Sections FINANCE Chapter 8 Stocks Question 1 (of 12) 1.00 points Problem 8-3 Buying Stock with Com Your discount brokerage firm charges $8.15 per stock trade. How much money do you need to buy 210 missions (LG8-4) o shares of Pfizer, Inc. (PFE), which trades at $28.327 (Round your answer to 2 decimal places.) Amount needed References eBook & Resources Worksheet Problem 8-3 Buying Stock with Commissions (LG8-4) Difficulty: 1 Basic Check my work

Explanation / Answer

Amount needed = (Share price * Quantity) + Brokerage

                                = (28.32 * 210)* 8.15

                                 = 5947.2 + 8.15

                                 = $5955.35

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