Suppose you owned 1000 shares of stocks in ABC Corporation. You purchased the shares at a price of $102.41 per share and sold them at $160.38. Calculate the broker's commission if your broker charges 3.6% of the total sale price. a. $160, 380.00 b. $3, 686.76 c. $57, 970.00 d. $5, 773.68
Suppose you owned 1000 shares of stocks in ABC Corporation. You purchased the shares at a price of $102.41 per share and sold them at $160.38. Calculate the broker's commission if your broker charges 3.6% of the total sale price. a. $160, 380.00 b. $3, 686.76 c. $57, 970.00 d. $5, 773.68
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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Suppose you owned 1000 shares of stocks in ABC Corporation. You purchased the shares at a price of $102.41 per share and sold them at $160.38.
Calculate the broker's commission if your broker charges 3.6% of the total sale price.
a. $160, 380.00
b. $3, 686.76
c. $57, 970.00
d. $5, 773.68
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