Lets' say that I have $200 and as a new investor, I wanted to begin investing in a company whose shares cost $31.93. Would I multiply the $200 by the price and arrive at the exact number of shares I will have?

No?

You'd take 200 and divide by 31.93 and get 6.26... which is the number of shares you'll have.

Of course, this doesn't take into account the commission.

Thanks isneezefunny!