Flint purchased 430 shares of stock at $15.65 per share. The commission is 2.5% for round lots and an additional 4% for odd lots. What is the total cost of the transaction?
$6,904.78;
430 × $15.65 = $6,729.50
400 × $15.65 × 0.025 = $156.50
30 × $15.65 × 0.04 = $18.78
$6,729.50 + $156.50 + $18.78 = $6,904.78
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