Your discount brokerage firm charges $7.95 per stock trade. How much money do you need to buy
Question:
| Your discount brokerage firm charges $7.95 per stock trade. |
How much money do you need to buy 200 shares of Pfizer, Inc. (PFE), which are trading at $31.40? (Round your answer to 2 decimal places.) |
| Required quantity | ps |
2
| His full-service brokerage firm charges $140 per stock trade. |
How much money does he receive after selling 200 shares of Nokia Corporation (NOK), trading at $20.13? |
| Received amount | ps |
3
You would like to buy shares of Sirius Satellite Radio (SIRI). The current bid and ask quotes are $3.96 and $3.93, respectively. You place a market buy order for 500 shares that is executed at these quoted prices. |
How much money did it cost to buy these shares? |
| cost of shares | ps |
4
You would like to sell 200 shares of Xenith Bankshares, Inc. (XBKS). The current bid and ask quotes are $4.66 and $4.62, respectively. You place a sell limit order at $4.65. |
If the transaction is executed, how much money does he receive from the buyer? |
| Money received | ps |
5 Problem 8-11 Value of a preference share (LG8-5)
A preferred stock of Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends. |
If the required return on preferred stock is 6.7 percent, what is the value of the stock? (Round your answer to 2 decimal places.) |
| stock value | ps |
6
Ultra Petroleum (UPL) has earnings per share of $1.56 and a price-earnings ratio of 32.48. |
What is the stock price? (Round your answer to 2 decimal places.) |
| Market price | ps |
Expert Answer:
1 Cost of buying shares Cost Number of shares Share price Commission per trade Cost 200 3140 795 ... View the full answer
