Question: PART THREE: CALCULATIONS QUESTIONS [45 marks] PLEASE NOTE: ROUND ALL FINAL ANSWERS TWO DECIMAL PLACES FOR URRENCIES AND ONE DECIMAL PLACE FOR PERCENTAGES [SHOW YOUR
PART THREE: CALCULATIONS QUESTIONS [45 marks] PLEASE NOTE: ROUND ALL FINAL ANSWERS TWO DECIMAL PLACES FOR URRENCIES AND ONE DECIMAL PLACE FOR PERCENTAGES [SHOW YOUR WORK FOR FULL MARKS] 1. Buying Stock: Thinking 115 Marks On January 21st, 2020. Herbert paid $67.46 per share for 3 board lots of TD Bank Financial. He used a discount, broker who charged an $18.00 commission fee. He held the stocks until August 31 st, 2020 when he decided to sell all his stock at a prico of $71.23 per share. This time he used a full service broker who charged him $85.00 for the trade. He received one dividend payment of $0.75 per share on July 1 st, 2020. a) How much money did Herbert make on the stock? [4 mks] b) What was the percentage return on his investment? [2 mks]
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