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The shares of XYZ Plc are quoted at the stock exchange by a jobber at…

The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?
  • A.
    #675.00
  • B.
    #425.00
  • C.
    #250.00
  • D.
    #175.00
  • E.
    #75.00
Correct Answer: Option B
Explanation