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. After consulting with his broker, Dan Hostetler purchases 2,000 shares of Ballon
Synergy stock at $4.10 per share. He also purchased 500 shares of Matell Scientific
at $26.76 per share. What is the total cost of the stocks including the commission?

Respuesta :

Dan Hostetler purchases 2,000 shares of Ballon Synergy stock at $4.10 per share. Thus, The total cost of stock including the commission is $15917.

What are stocks?

Stocks are types of security to shareholders that represent fractional ownership of equity in any organization.

Dan Hostetler purchases 2,000 shares of Ballon Synergy stock at $4.10 per share. He also purchased 500 shares of Matell Scientific at $26.76 per share.

We have a number of shares at $44.41 per share = 100

Number of shares at $19.08 per share = 600

Total number of shares = 700

Broker's charges per share = $0.04

Hence, The total cost of the stock including the commission

= Cost of stock + commission

= (100 × 44.41) + (600 × 19.08) + (700 × 0.04)

= 15,917

Thus, the total cost of stock including the commission is $15917.

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