question archive What is the cost of 100 shares of Jiffy, Inc
What is the cost of 100 shares of Jiffy, Inc
Subject:FinancePrice:2.86 Bought3
What is the cost of 100 shares of Jiffy, Inc. stock given that the bid-ask prices are $31.25 - $32.00 and a $15.00 commission per transaction exists? $3200 O $3140 O $3125 O $3215
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
When you will buy, then you will have to pay the ASK price, which is $32.
So the Price of 100 shares are $32 * 100 = $3200
Transaction cost is paid once only.
Total Cost = 3200 + Transaction cost
= 3200 + 15
= 3215
The correct option is $3215.
