A pension fund purchased 25 round lots of Baker Company stock at the closing price of the day yesterday.What was the cost of that purchase?
A)$7,810
B)$8,040
C)$201,000
D)$241,200
E)$256,800

Name: A pension fund purchased 25 round lots of Baker Company stock at the closing price of the day yesterday.What was the cost of that purchase? A)$7,810 B)$8,040 C)$201,000 D)$241,200 E)$256,800
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Cost of purchase = 25 × 100 × ($78.10 + $2.30) = $201,000

A Pension Fund Purchased 25 Round Lots of Baker Company