Todd purchased 270 shares of stock at $13.25 per share. The commission is 1.5% for round lots and an additional 5% for odd lots. What is the total cost of the transaction?
$3,663.63;
270 × $13.25 = $3,577.50
200 × $13.25 × 0.015 = $39.75
70 × $13.25 × 0.05 = $46.38
$3,577.50 + $39.75 + $46.38 = $3,663.63
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