3.5.17 Find the cost tor 30 shares of PSO stock symbol, purchased at the dosing

Question

3.5.17 Find the cost tor 30 shares of PSO stock symbol, purchased at the dosing price of $14 74 for the day. Use the typical discount commission structure to find Broker-Assisted Trade Commission Up to $2499 99 $2500 00 to $6249 99 $6250.00 to $19,999.99 $20,000.00 to $49,999.99 $50,000.00 to $499,999.99 $500,000.00 or more $65 + 0.66% of principal 576+034% of principal $100 +0 22% of principal $155+011% of principal $255+009% of principal The total cost for this purchase is s Round to the nearest cent as needed.)

Explanation / Answer

No of shares purchased (A)               30 Price (B)         14.74 Principal (C=A*B)      442.20 Commission (D)         42.52 (35+(442.20*1.7%)) Total Cost (C+D)      484.72

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