Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months...

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Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months later, he sold the shares at P5,200. His stockbroker charges 6% commission on round lots and 7% on odd lots. Compute (a) the total cost, (b) the proceeds, and (c) the gain or loss on the transaction. A mutual fund has P10 billion worth of stocks, P500 million worth of bonds, and P1.3 billion in cash. The fund's total liabilities amount to P200 million. There are P1 billion shares outstanding. Marlon invested P25,000 in this fund. Calculate the net asset value of a mutual fund and find the number of shares will he purchase? Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months later, he sold the shares at P5,200. His stockbroker charges 6% commission on round lots and 7% on odd lots. Compute (a) the total cost, (b) the proceeds, and (c) the gain or loss on the transaction. A mutual fund has P10 billion worth of stocks, P500 million worth of bonds, and P1.3 billion in cash. The fund's total liabilities amount to P200 million. There are P1 billion shares outstanding. Marlon invested P25,000 in this fund. Calculate the net asset value of a mutual fund and find the number of shares will he purchase?

Answer rating: 100% (QA)

answer 1 atotal cost no of shares x price per share at buying 7 x no of shares ... View the full answer