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21 January, 21:30

Robert and Katie Masterson bought 99 shares of oil stock at a price

of $55 per share and 150 shares of stock in a steel company at $24 per share. The broker's commission

is $25 for transactions under 100 shares and $0.20 per share for transactions over 100

shares. What is the total combined amount that the Mastersons paid for both stock transactions?

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  1. 21 January, 21:57
    0
    Cost of oil stock

    99*55=5,445 + (25) commission=5470

    Cost of steel stock

    150*24=3600+150*0.20=3630

    total combined amount

    3,630+5,470=9,100
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