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2 July, 07:45

Adam bought 20 shares of stock XYZ at the close price of $10.51. He bought 20 more shares a year later at the price of $8.93. If his broker charges $25 for each transaction, how much money did Will spend in total to make these purchases?

A. $178.60

B. $438.80

C. $210.20

D. $388.80

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Answers (2)
  1. 2 July, 08:15
    0
    Answer: $438.80
  2. 2 July, 11:18
    0
    Amount he paid for first 20 shares

    = $25 + (20 x $10.51)

    = $25 + $210.20

    = $235.20

    Amount he paid for next 20 shares

    = $25 + (20 x $8.93)

    = $25 + $178.60

    = $203.60

    Thus, total amount paid

    = $235.20 + $203.60

    = $438.80

    Answer is B.
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Home » Mathematics » Adam bought 20 shares of stock XYZ at the close price of $10.51. He bought 20 more shares a year later at the price of $8.93. If his broker charges $25 for each transaction, how much money did Will spend in total to make these purchases? A. $178.
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