You sold 500 shares of Intel for $26.75 per share. Your broker charges you a commission of $2.75 per thousand dollars of stock bought or sold. How much money will be credited to your account when you sell? (Remember, commissions are subtracted out of your transaction.)
Added by Jennifer F.
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Multiply the number of shares by the price per share: \[ 500 \text{ shares} \times \$26.75/\text{share} = \$13,375 \] Show more…
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