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Question
dimitri buys 75 shares of a stock at $120 each and makes 6 trades. the transaction fee is $20 per trade. what is the total amount dimitri pays in transaction fees?
Step1: Identify number of trades and fee per trade
The number of trades is 6 and the fee per trade is $20.
Step2: Calculate total transaction fees
Multiply number of trades by fee per trade: $6\times20 = 120$.
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$120