If You Purchase 1442 Shares of Stock at the Closing $3.6 \%$

question 4

Multiple Choice

If you purchase 1442 shares of stock at the closing price and the broker's commission is $3.6 \%$ find the total cost of the purchase.
52 weeks
$\begin{array} { l l l l l l l l l } \text { HI } & \text { LO } & \text { STOCK } & \text { DIV } & \text { YLD\% } & \text { P/E } & \begin{array} { l } \text { VOL } \\ ( 1,000 \mathrm {~s} ) \end{array} & \text { CLOSE } & \begin{array} { l } \text { NET } \\ \text { CHG } \end{array} \\ 68.14 & 43.34 & \text { ABC } & 1.44 & 2.0 & 6 & 4354 & 51.48 & - 1.45 \end{array}$ ,

• A) $76,906.59
• B) $71,561.73
• C) $64,405.56
• D) $69,215.93

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Definitions:

Quantity Q

A specific quantity of goods or services, often used in discussions of supply and demand or economic models.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus the amount they actually receive in the market.

Consumer Surplus

Consumer Surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit consumers receive from a transaction.

Producer Surplus

The difference between what producers are willing to sell a product for and the actual price they receive, representing their benefit or surplus.