Q) Tanya sells mutual funds for Pacific Financial Services Ltd. On mutual fund sales, Pacific Financial Services charges a "front-end load" or gross commission rate of 6%. Tanya is paid on a graduated commission structure. She receives 40% of the gross commission on the first $100,000 worth of mutual funds she sells in a month, and 60% of the gross commission on all additional sales in the same month. What are her earnings for a month in which she sells $180,000 worth of mutual funds?

Q) Tanya sells mutual funds for Pacific Financial Services Ltd. On mutual fund sales, Pacific Financial Services charges a "front-end load" or gross commission rate of 6%. Tanya is paid on a graduated commission structure. She receives 40% of the gross commission on the first $100,000 worth of mutual funds she sells in a month, and 60% of the gross commission on all additional sales in the same month. What are her earnings for a month in which she sells $180,000 worth of mutual funds?

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

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Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%. Required: a. What is the margin in Dée’s account when she first purchases the stock? b. If the share price falls to $30 per share by the end of the year, what is the remaining margin in her account? c. If the maintenance margin requirement is 30%, will she receive a margin call? multiple choice Yes No Correct d. What is the rate of return on her investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)
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