Answered

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Bob newsome purchased 250 shares of the new horizons growth fund. the purchase cost for each share at the time of purchase was $30. if this fund charges a 3 percent load, what is the commission amount he will pay the investment company?

Sagot :

abiolataiwo2015

Answer:

$225

Explanation:

Calculation for the commission amount he will pay the investment company

Commission amount= 250 shares x $30 x .03

Commission amount= $225

Therefore the commission amount he will pay the investment company is $225

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