The Commission Structure on a Stock Purchase Is $20 Plus

question 60

Multiple Choice

The commission structure on a stock purchase is $20 plus $.02 per share. If you purchase four round lots of a stock selling for $56, what is your commission?

• A) $20
• B) $22
• C) $26
• D) $28

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Definitions:

Endoderm

The Endoderm is the innermost layer of cells or tissue of an embryo in early development, which gives rise to the lining of the digestive and respiratory systems.

Ectoderm

The outermost layer of cells in the early embryo from which the nervous system, skin, and other external tissues develop.

Proximodistal Development

A pattern of development where growth starts at the center of the body and moves towards the extremities, observed in the physical development of children.

Fingernails

Keratin-based structures at the tips of the fingers that protect the fingertip and enhance tactile sensation.