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At your full-service brokerage firm, it costs $110 per stock trade. How much money do you receive after selling 100 shares of Time Warner, Inc. (TMX), which trades at $22.62?

A. $2,152.00
B. $2,262.00
C. $2,372.00
D. $2,388.20

Respuesta :

Answer:

A. $ 2,152

Explanation:

The total selling price of 100 shares at $22.62 is

100 *22,62  =                                        $ 2,262

Less:Brokerage firm fees                    $      110

Money received from sale of 100

shares of TMX                                      $ 2,152

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