SOLUTION: A client calls their stock broker and tells them they want to buy stock in xyz company but I only have $5000 to spend. How many shares of xyz can I buy all total including commis
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Question 194413: A client calls their stock broker and tells them they want to buy stock in xyz company but I only have $5000 to spend. How many shares of xyz can I buy all total including commission? The commission rate is $.10 per share and xyz stock is priced at 10 per share. Round to the nearest whole share.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
5,000/10.10=495 SHARES CAN BE BOUGHT.
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