The total cost of transactions for Belinda is $899.
Solution:
Given that, Belinda used an online broker who charged a flat fee of $8.99 per transaction.
Belinda bought 100 shares of of BMN Inc, stock at \$12.85 a share,
We have to find what was the total cost of the transaction?
Now, we know that, transaction cost per transaction = $8.99
And, number of transactions = 100 shares.
Then, total cost of transaction = cost per transaction x number of transactions = 100 x 8.99 = $899
Hence, the total cost of transactions is $899
