Alex buys 30 shares of wal-mart at the close price of $48.80. his broker charges him 3% of each share as a transaction fee. how much did alex spend in total to buy this stock? a. $1528.32 b. $1486.48 c. 1464.00 d. 1507.92

D. $1507.92

Step-by-step explanation:

We have been given that Alex buys 30 shares of Wal-Mart at the close price of $48.80. His broker charges him 3% of each share as a transaction fee.

Let us find the cost of purchasing 30 shares by multiplying 30 by $48.80.

Now, we need to find 3% of $1464 to find broker's fees.

Therefore, the total cost to buy the stock is $1507.92 and option D is the correct choice.

step-by-step explanation: