The commission structure on a stock purchase is $20 plus $0.02 per share.If you purchase 4 round lots of a stock selling for $56,what is your commission?

Name: The commission structure on a stock purchase is $20 plus $0.02 per share.If you purchase 4 round lots of a stock selling for $56,what is your commission?
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

A round lot is 100 shares, so 4 round lots is 400 shares. The commission is $20 plus $0.02 per share, so the total commission is $20 + (400 * $0.02) = $28.

The Commission Structure on a Stock Purchase Is $20 Plus