Lisa Loeb is considering buying 100 shares of CMA Record Company. The price of the shares is $52. She has checked around with different types of brokers and has been given the following commission quotes for the trade: online broker, $7; discount broker, $45; full-service broker, $98.
a. Compute the percentage commission for all three categories.
b. How many times larger is the percentage commission of the full-service broker compared with the online broker? Round two places to the right of the decimal point for this answer.