For the combined transaction (executed at the closing price of the day), find the net amount...
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For the combined transaction (executed at the closing price of the day), find the net amount paid out or taken in. Assume typical expenses using Firm A. Genna bought 100 shares of Greenfield Bank and sold 120 shares of Magna Bank, both broker-assisted trades. The net change is $ with the (Simplify your answer.) net taken in. net paid out. Broker Commissions Table Automated Automated Broker- (Online) (Phone) Assisted Brokerage Firm A Brokerage Firm B Brokerage Firm C $4.99 $10.99 $32.99 $7.99 $34.99 $44.99 $6.99 $9.99 $29.99 Company Symbol Open High Low Close Net % Volume 52-Wk 52-WkAnnual Dividend High Low Zco 142.57153.07135.57149.08 - 3.19- 0.53%108,848,500158.58|129.15 8.43 0.42% 40,402,000285.43228.18 Greenfield Bank GFB 135.79144.23129.92141.42 - 1.03- 0.27% 60,210,500150.86117.88 1.94 0.23%107,587,400289.07239.59 - 1.42- 0.77%104,438,500108.17 91.46 Change Change Div Yield Zodiac Corp Incentive Corp 3.37 1.26 0.00 0.00 2.14 0.02% ITE 264.38267.95247.63259.66 0.05% 0.00% Surge Corp Magna Bank SGC 257.55273.32254.65260.73 MGN 100.56104.23 98.94100.56 0.00% 0.01% The Securities and Exchange Commission (SEC), a federal agency that regulates stock markets, supports its own activities by charging the exchanges, based on volume of transactions. Typically this charge is passed on to investors, through brokers, in the form of an SEC fee assessed on stock sales only (not on purchases). As of May 2018, this fee was $13.00 per million dollars of principal (rounded up to the next cent). For example, to find the fee for a sale of $1600, first divide $1600 by $1,000,000 and then multiply by $13.00. $1600 SEC fee = $13.00 $0.0208, which is rounded up to $0.03. $1,000,000 For the combined transaction (executed at the closing price of the day), find the net amount paid out or taken in. Assume typical expenses using Firm A. Genna bought 100 shares of Greenfield Bank and sold 120 shares of Magna Bank, both broker-assisted trades. The net change is $ with the (Simplify your answer.) net taken in. net paid out. Broker Commissions Table Automated Automated Broker- (Online) (Phone) Assisted Brokerage Firm A Brokerage Firm B Brokerage Firm C $4.99 $10.99 $32.99 $7.99 $34.99 $44.99 $6.99 $9.99 $29.99 Company Symbol Open High Low Close Net % Volume 52-Wk 52-WkAnnual Dividend High Low Zco 142.57153.07135.57149.08 - 3.19- 0.53%108,848,500158.58|129.15 8.43 0.42% 40,402,000285.43228.18 Greenfield Bank GFB 135.79144.23129.92141.42 - 1.03- 0.27% 60,210,500150.86117.88 1.94 0.23%107,587,400289.07239.59 - 1.42- 0.77%104,438,500108.17 91.46 Change Change Div Yield Zodiac Corp Incentive Corp 3.37 1.26 0.00 0.00 2.14 0.02% ITE 264.38267.95247.63259.66 0.05% 0.00% Surge Corp Magna Bank SGC 257.55273.32254.65260.73 MGN 100.56104.23 98.94100.56 0.00% 0.01% The Securities and Exchange Commission (SEC), a federal agency that regulates stock markets, supports its own activities by charging the exchanges, based on volume of transactions. Typically this charge is passed on to investors, through brokers, in the form of an SEC fee assessed on stock sales only (not on purchases). As of May 2018, this fee was $13.00 per million dollars of principal (rounded up to the next cent). For example, to find the fee for a sale of $1600, first divide $1600 by $1,000,000 and then multiply by $13.00. $1600 SEC fee = $13.00 $0.0208, which is rounded up to $0.03. $1,000,000
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Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
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