Your discount brokerage firm charges $8.95 per stock trade. How much money do you need to buy 210 shares of Pfizer, Inc. (PFE),

Question

3 years ago

12

which trades at $45.92?

1 answer:

Tema [17] · Answer 1 · 2022-08-22T15:47:41+03:00

Given :

Discount brokerage firm charges $8.95 per stock trade.

To Find :

How much money do you need to buy 210 shares of Pfizer, Inc. (PFE), which trades at $45.92 .

Solution :

Cost of 210 shares including brokerage charge :

$C=\$(210\times 45.92)+8.95\\\\C=\$(9643.2+8.95)\\\\C=\$9652.15$

Therefore , money needed to buy 210 shares is $9652.15 .

Hence , this is the required solution .