Question

In: Finance

How much money do you need to buy 210 shares of Pfizer, Inc. (PFE), which trades at $45.92?

Your discount brokerage firm charges $8.95 per stock trade.

How much money do you need to buy 210 shares of Pfizer, Inc. (PFE), which trades at $45.92?

Solutions

Expert Solution

Brokerage is paid per trade and not per share. So you buy 1 share or 1000 shares, brokerage will be the same

MONEY NEEDED TO BUY 210 SHARES OF PFIZER = 210 X 45.92 + 8.95 = 9652.15

Answer : 9652.15

jeff jeffy answered 2 years ago
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