James Brewer Purchased 100 Shares of Stock for $72 a Share

question 129

Multiple Choice

James Brewer purchased 100 shares of stock for $72 a share. James also paid $55 commission. What was the total purchase price for this transaction?

• A) $55.00
• B) $127.00
• C) $7,237.50
• D) $7,255.00
• E) $7,347.50

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Definitions:

Electronically Post

The process of publishing or broadcasting information or advertisements through digital means or over the internet.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, offering financial protection against high healthcare costs.

Unauthorized Parties

Individuals or entities that are not officially permitted or allowed to participate in a specific event, action, or legal contract.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed through no fault of their own, intended to support them temporarily while they seek new employment.