At your full-service brokerage firm, it costs $125 per stock trade. How much money do you receive after selling 200 shares of Time Warner, Inc. (TMX), which trades at $29.54?

Name: At your full-service brokerage firm, it costs $125 per stock trade. How much money do you receive after selling 200 shares of Time Warner, Inc. (TMX), which trades at $29.54?
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Question

Quizplus · Accepted Answer

The total amount from selling 200 shares at $29.54 each is $5,908 (200 * $29.54). After subtracting the $125 fee, you receive $5,783 ($5,908 - $125).

At Your Full-Service Brokerage Firm, It Costs $125 Per Stock