Upon investment, your group as an investor will also incur and pay an additional 10% commission fee

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Upon investment, your group as an investor will also incur and pay an additional 10% commission fee and other related transaction costs.

You choose 3 companies with a combined investment cost of P100,000 (excluding the transaction costs).

Company Name	Stock price 3/29/22
Union Bank of the Philippines	91
Security Bank Corporation	112
Rizal Commercial Banking Corporation	20.5

1. How many shares will you purchase per company?

2. How much is the transaction cost?

3. How much is the total investment cost per company?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Mar 07, 2023 07:26 AM

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Upon investment, your group as an investor will also incur and pay an additional 10% commission fee

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