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Sagot :
Alex spend $1507.92 in total to buy this stock at 3% charges on each shares.
What is shares?
Shares represent equity ownership in a corporation or financial asset, owned by investors who exchange capital in return for these units.
Alex buys 30 shares of Walmart at the close price of $48.80.
His broker charges him 3% of each share.
Purchasing of 30 shares =48.80 *30
=$1464
Now we have to find the 3% of total purchasing of shares.
So,
Broker's fees =[tex]\frac{3}{100}*1464[/tex]
= 0.03 * 1464
= 43.92
So, total cost of stock= 1464+43.92
= 1507.92
Hence, Alex spend $1507.92 in total to buy this stock.
Learn more about shares here:
https://brainly.com/question/2120956
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