SIE Exam Question 192: Answer and Explanation

Question: 192

A customer purchases 100 shares of ABC stock at $35/share and pays $85 in commissions. What is the cost basis?

• A. $3,415
• B. $3,500
• C. $3,585
• D. $3,600

Correct Answer: C

Explanation:

The cost basis of 100 shares of stock purchased at $35/share with an $85 commission is $3,585: