Alex buys 30 shares of Wal-Mart at the close price of $48.80. His broker charges him 3% of each share as a transaction fee. How much did Alex spend in total to buy this stock?

A. $1528.32

B. $1486.48

C. 1464.00

D. 1507.92

Express as a fraction or a mixed number. 0.15%

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