Use the following stock quotes to answer this question:

-A pension fund purchased 20 round lots of Chelsea Company stock at the closing price of the day yesterday.What was the cost of that purchase?
A) $4,410
B) $8,040
C) $88,200
D) $101,200
E) $156,800

Question

Use the following stock quotes to answer this question:
 
-A pension fund purchased 20 round lots of Chelsea Company stock at the closing price of the day yesterday.What was the cost of that purchase?
A) $4,410 
B) $8,040 
C) $88,200 
D) $101,200 
E) $156,800

Quizplus · Accepted Answer

Cost of purchase = 20 × 100 × ($48.20 - $4.10) = $88,200

Use the Following Stock Quotes to Answer This Question