You have $30,500 to invest. You could purchase shares in one mutual fund or try to diversify on your own. From your investment class you learn that you need to hold at least 25 different securities in an equal weighted portfolio to achieve a reasonably well diversified portfolio. If you pay an average commission of 1% of the dollar value of the stock you buy you will have to pay ______ in commissions per stock for a total commission of _____.

Answer rating: 100% (QA)

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