Solve the Problem A)$801250
B)$8183

question 53

Multiple Choice

Solve the problem.
-The following information on Company X appears in a stock table. Find the cost to purchase 250 shares of Company X at the day's closing price. Assume that the transaction is broker-assisted and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } \text { Principal Amount } & \text { Commission } \\\hline \text { Up to } \$ 2499.99 & \$ 35 + 1.7 \% \text { of principal } \\\$ 2500.00 - \$ 6249.99 & \$ 65 + 0.66 \% \text { of principal } \\\$ 6250.00 - \$ 19,999.99 & \$ 76 + 0.34 \% \text { of principal }\end{array}$$

• A)$8012.50
• B)$8183.71
• C)$8130.38
• D)$8115.74

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