At Your Full-Service Brokerage Firm, It Costs $110 Per Stock

question 25

Multiple Choice

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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Definitions:

Off-Delay Timer

An electromechanical relay with contacts that change state a predetermined time period after power is removed from its coil; on re-energization of the coil, the contacts return to their shelf state immediately; also, a programmable logic controller instruction that emulates the operation of the electromechanical off-delay relay.

Ladder Rung

A single line of logic in a ladder diagram that equates to a control circuit, usually comprised of inputs and outputs represented by symbols.

Relay Coil

A component in electrical and electronic engineering that produces a magnetic field when electric current flows through it, typically used to control a circuit by opening or closing connections in another circuit.

Time Delay

A predetermined period before an action takes place in a circuit or system, often used for timing control in automation.