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23 July, 22:37

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

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  1. 23 July, 22:40
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    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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