Junior bought some stock several years ago for $8,000. He is thinking of selling it and has

Question:

Junior bought some stock several years ago for $8,000. He is thinking of selling it and has 2 offers. His told him he could sell the stock for $8,300 and would have to pay a $600 commission, for a net realization of $7,700. His sister Bonnie offered to pay Junior $7,700 with no commissions paid on the transaction.

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...