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:

Sole Proprietorship

A business structure where a single individual owns and operates the business, responsible for all its debts and liabilities.

Corporation

A legal entity recognized by law as a separate entity from its owners, with its own rights, privileges, and liabilities.

Partnership Agreement

A Partnership Agreement is a legal document that outlines the rights and responsibilities of the partners involved in a business partnership.

Sole Proprietorship

A business structure where a single individual owns and operates the business, being solely responsible for its debts and obligations.