Computing cost of the investment


Response to the following problem:

Compute the cost of each investment. Round to the nearest dollar.

a. 200 shares of Nokia stock at 16.57.

b. 450 shares of IBM stock at 85.12. IBM pays a cash dividend of $0.60 per year.

c. 1,000 shares of Nike stock at 53.97.

d. 70 shares of Target stock at 33.12.

 

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Financial Accounting: Computing cost of the investment
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