25 shares of stock were purchased for $25 per share with a $6 commission. what is the total cost of this…

25 shares of stock were purchased for $25 per share with a $6 commission. what is the total cost of this investment? total cost = $? total cost = number of shares · price per share + commission

25 shares of stock were purchased for $25 per share with a $6 commission. what is the total cost of this investment? total cost = $? total cost = number of shares · price per share + commission

Answer

Explanation:

Step1: Calculate cost of shares

$25\times25 = 625$ (Multiply number of shares by price per share)

Step2: Add commission

$625+6=631$ (Add commission to cost of shares)

Answer:

$631$