Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
Find the total cost (including expenses) for a broker-assisted purchase of 65 shares of 3M stock at $178.25 per share through Firm A. How does the cost compare to using an automated phone trade? Review stock purchases and sales here. Brokerage Firm A Brokerage Firm B Brokerage Firm C Automated (online) $0 $0 $0 O Cost using broker-assisted: $11,561.25 Using the telephone automated service would be $12.05 cheaper. O Cost using broker-assisted: $11,561.25 Using the telephone automated service would be $12.95 cheaper. O Cost using broker-assisted: $11,611.25 Using the telephone automated service would be $12.05 cheaper. O Cost using broker-assisted: $11,611.25 Using the telephone automated service would be $12.95 cheaper. Automated (phone) $12.95 $12.95 $5 Broker-Assisted $25 $32.95 $25

Find the total cost (including expenses) for a broker-assisted purchase of 65 shares of 3M stock at $178.25 per share through Firm A. How does the cost compare to using an automated phone trade? Review stock purchases and sales here. Brokerage Firm A Brokerage Firm B Brokerage Firm C Automated (online) $0 $0 $0 O Cost using broker-assisted: $11,561.25 Using the telephone automated service would be $12.05 cheaper. O Cost using broker-assisted: $11,561.25 Using the telephone automated service would be $12.95 cheaper. O Cost using broker-assisted: $11,611.25 Using the telephone automated service would be $12.05 cheaper. O Cost using broker-assisted: $11,611.25 Using the telephone automated service would be $12.95 cheaper. Automated (phone) $12.95 $12.95 $5 Broker-Assisted $25 $32.95 $25

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question

Please make sure the answers are clear n easy to read.

### Calculating Total Cost for Broker-Assisted Purchase of 3M Stock Determine the total cost (including fees) for a broker-assisted purchase of 65 shares of 3M stock at $178.25 per share using Firm A. Compare this with using an automated phone service. #### Comparison of Brokerage Fees | **Brokerage Firm** | **Automated (online)** | **Automated (phone)** | **Broker-Assisted** | |--------------------|--------------------------|----------------------|-----------------------| | **Firm A** | $0 | $12.95 | $25 | | **Firm B** | $0 | $12.95 | $32.95 | | **Firm C** | $0 | $5 | $25 | #### Cost Options: - **Option 1:** - Cost using broker-assisted: **$11,561.25** - Using the telephone automated service would be **$12.05** cheaper. - **Option 2:** - Cost using broker-assisted: **$11,561.25** - Using the telephone automated service would be **$12.95** cheaper. - **Option 3:** - Cost using broker-assisted: **$11,611.25** - Using the telephone automated service would be **$12.05** cheaper. - **Option 4:** - Cost using broker-assisted: **$11,611.25** - Using the telephone automated service would be **$12.95** cheaper. This analysis helps determine the most cost-effective method for purchasing stock through various brokerage services.
Transcribed Image Text:### Calculating Total Cost for Broker-Assisted Purchase of 3M Stock Determine the total cost (including fees) for a broker-assisted purchase of 65 shares of 3M stock at $178.25 per share using Firm A. Compare this with using an automated phone service. #### Comparison of Brokerage Fees | **Brokerage Firm** | **Automated (online)** | **Automated (phone)** | **Broker-Assisted** | |--------------------|--------------------------|----------------------|-----------------------| | **Firm A** | $0 | $12.95 | $25 | | **Firm B** | $0 | $12.95 | $32.95 | | **Firm C** | $0 | $5 | $25 | #### Cost Options: - **Option 1:** - Cost using broker-assisted: **$11,561.25** - Using the telephone automated service would be **$12.05** cheaper. - **Option 2:** - Cost using broker-assisted: **$11,561.25** - Using the telephone automated service would be **$12.95** cheaper. - **Option 3:** - Cost using broker-assisted: **$11,611.25** - Using the telephone automated service would be **$12.05** cheaper. - **Option 4:** - Cost using broker-assisted: **$11,611.25** - Using the telephone automated service would be **$12.95** cheaper. This analysis helps determine the most cost-effective method for purchasing stock through various brokerage services.
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS