Buying Stock with Commission At your discount brokerage firm,it costs $8.50 per stock trade.How much money do you need to buy 200 shares of Apple (AAPL),which trades at $171.54?

Question

Quizplus · Accepted Answer

To buy 200 shares of Apple (AAPL), the cost of the shares would be:

$171.54 x 200 = $34,308

However, there is a commission fee of $8.50 per stock trade, so the total cost would be:

$34,308 + ($8.50 x 2) = $34,325

Therefore, the best answer is C, which is the closest option to $34,325.

Buying Stock with Commission at Your Discount Brokerage Firm,it Costs