Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B. Stock Symbol: GFB Number of Shares: 355 Transaction Type: Automated (Phone)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B. Stock Symbol: GFB Number of Shares: 355 Transaction Type: Automated (Phone)
Broker Commissions Table
Brokerage Firm A
Brokerage Firm B
Brokerage Firm C
Broker Commissions Table
Automated (Online) Automated (Phone)
$6.95
$8.95
$5.95
$16.95
$35.99
$9.95
Broker-
Assisted
$33.95
$45.99
$29.95
Transcribed Image Text:Broker Commissions Table Brokerage Firm A Brokerage Firm B Brokerage Firm C Broker Commissions Table Automated (Online) Automated (Phone) $6.95 $8.95 $5.95 $16.95 $35.99 $9.95 Broker- Assisted $33.95 $45.99 $29.95
Stock Table
Company
Zodiac Corp
Surge Corp
Magna Bank
Greenfield Bank
Incentive Corp
%
Symbol Open High Low Close Net
Change Change
3.74
1.55%
-3.54 -1.83%
-7.01 -0.38%
2.99 1.06%
-4.11 - 0.87%
ZCO
SGC
MGN
GFB
ITE
97.31 103.84 94.73 100.16
101.75 105.44 100.53 102.25
241.44 262.68 231.11 252.14
126.24 130.77 118.72 120.52
181.29 190.67 179.21 184.93
YTD %
Change
Volume 52-WK 52-Wk Annual Dividend PE
High Low Div Yield
24,982,200 110.59 89.63 3.76 0.04% 29.43 -6.79%
36,644,500 111.16 98.08 0.00 0.00% 24.67 0.57%
63,683,200 282.72 208.85 0.00 0.00% 23.03 10.88%
105,788,500 142.86 107.57 1.92
12.31%
10,833,000 199.36 170.15 1.02
22.65%
0.02% 15.72
0.06% 11.92
Transcribed Image Text:Stock Table Company Zodiac Corp Surge Corp Magna Bank Greenfield Bank Incentive Corp % Symbol Open High Low Close Net Change Change 3.74 1.55% -3.54 -1.83% -7.01 -0.38% 2.99 1.06% -4.11 - 0.87% ZCO SGC MGN GFB ITE 97.31 103.84 94.73 100.16 101.75 105.44 100.53 102.25 241.44 262.68 231.11 252.14 126.24 130.77 118.72 120.52 181.29 190.67 179.21 184.93 YTD % Change Volume 52-WK 52-Wk Annual Dividend PE High Low Div Yield 24,982,200 110.59 89.63 3.76 0.04% 29.43 -6.79% 36,644,500 111.16 98.08 0.00 0.00% 24.67 0.57% 63,683,200 282.72 208.85 0.00 0.00% 23.03 10.88% 105,788,500 142.86 107.57 1.92 12.31% 10,833,000 199.36 170.15 1.02 22.65% 0.02% 15.72 0.06% 11.92
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