Nancy Billows Bought 150 Shares of NBC Universal Stock

question 60

Multiple Choice

Nancy Billows bought 150 shares of NBC Universal stock at $22.885 per share. Her broker charged her $22.05 for the brokerage commission. What is the average cost per share (include brokerage fee) to the nearest cent?

• A) $23.03
• B) $20.03
• C) $32.03
• D) $33.02
• E) None of these

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Definitions:

Scrap Metal

Waste metal materials that can be recycled and reused, often collected from leftover products, buildings, or discarded industrial machinery.

Energy

The capacity to do work, manifest in forms such as heat, light, motion, and chemical bonds, essential to human society for various applications.

Transfer Heat

The movement of thermal energy from one object or substance to another, through various modes such as conduction, convection, or radiation.

Radioisotopes

Radioactive isotopes of an element, used in various scientific, medical, and industrial applications due to their radioactive decay properties.