Your discount brokerage firm charges $8.40 per stock trade. How much money do yo

Question

Your discount brokerage firm charges $8.40 per stock trade. How much money do you need to buy 360 shares of Time Warner, Inc. (TWX), which trades at $29.22? (Round your answer to 2 decimal places.) Your discount brokerage firm charges $8.40 per stock trade. How much money do you need to buy 360 shares of Time Warner, Inc. (TWX), which trades at $29.22? (Round your answer to 2 decimal places.) Your discount brokerage firm charges $8.40 per stock trade. How much money do you need to buy 360 shares of Time Warner, Inc. (TWX), which trades at $29.22? (Round your answer to 2 decimal places.)

Explanation / Answer

Cost to buy=(number of shares × price per share)+commission

=(360×$29.22)+$8.40

=$10,527.60

Money needed to buy is $10,527.60

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