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
Problem 1PS
Related questions
Question
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: ZCO
Number of Shares: 50
Transaction Type: Broker-Assisted
The cost for the stock purchase is S (Simplify your answer.)
Transcribed Image Text:Stock Table
Company
Farmer's Bank
Magna Bank
Incentive Corp
Zodiac Corp
Second Bank
Close
Symbol Open
FAB
MGN
ITE
ZCO
SND
High
[Tow
99.12 105.53
100.52 108.39
243.71 250.63 225.66 232.97
192.99 201.39 184.64 192.78
196.89 213.42 194.24 206.05
196.09 204.73 183.17 188.58
%
Net
Change Change
-2.75
1.46
6.92
6.32
2.34
- 1.41%
0.07%
1.35%
0.84%
0.24%
52-WK 52-Wk Annual Dividend
High Low Div Yield
94.67 2.16
106,450,500 111.99
37,963,400 257.67 205.86 1.37
3.03
97,576,200 212.25 179.95
87,861,000 220.39 177.21 0.34
2,699,400 214.94 168.02 0.00
Volume
PE
0.06% 17.29
0.03% 13.88
0.03% 22.64
0.05% 18.95
0.00% 27.27
YTD %
Change
11.77%
1.19%
3.99%
-3.83%
-6.93%
Transcribed Image Text:Broker Commissions Table
Brokerage Firm A
Brokerage Firm B
Brokerage Firm C
Broker Commissions Table
Automated (Online) Automated (Phone)
$4.95
$7.95
$5.95
$11.95
$36.99
$9.95
Broker-
Assisted
$32.95
$46.99
$29.95
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