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After studying the fundamental trends from CDX Companys annual report, you have decided to purchase one round lot of the firms stock on the open
After studying the fundamental trends from CDX Companys annual report, you have decided to purchase one round lot of the firms stock on the open market. On Monday morning you call a stockbroker and ask for the price of CDX stock. The broker indicates that the bid price is $45.20, the ask price is $45.50, and the commission is $38.00. Assuming you want to place a market order to purchase shares, what is your cost per share, including the commission, and how much would you pay in total? ($4,588.00)
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