If you purchase a round lot of stock quoted in the Globe and Mail at 10.75, the total price you would pay for the stock is ________ plus commission.
A) $1034.00
B) $107.50
C) $10.34
D) $1075.00
E) $1000.75

Question

Quizplus · Accepted Answer

A round lot typically consists of 100 shares of stock.

Therefore, the total price of 100 shares at a quoted price of $10.75 per share would be:

$10.75 x 100 = $1075

This is the total price paid for the stock, not including any commission.

If You Purchase a Round Lot of Stock Quoted in the Globe