An investor has E50,000 (Egyptian pound). He deposits E37,000 into a brokerage account. He buys 1,000 shares

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An investor has E£50,000 (Egyptian pound). He deposits E£37,000 into a brokerage account. He buys 1,000 shares of the Commercial International Bank (CIB) for E£35 per share. One week later, the investor sells the CIB stock for E£37. When he receives his brokerage account statement, he sees that there is a missing item:

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What belongs in item 4 on this statement?

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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