Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B.
Stock Symbol: ZCO
Number of Shares: 70
Transaction Type: Broker-Assisted
The cost for the stock purchase Is (Simplify your answer.)
Transcribed Image Text:Broker Commissions Table
Brokerage Firm A
Brokerage Firm B
Brokerage Firm C
Broker Commissions Table
Automated (Online) Automated (Phone)
$3.99
$5.99
$4.99
$7.99
$33.99
$9.99
Broker-
Assisted
$30.99
$43.99
$29.99
Transcribed Image Text:Stock Table
Company
Greenfield Bank
Magna Bank
Farmer's Bank
Zodiac Corp
Premium Bank
Symbol Open
GFB
MGN
FAB
ZCO
PRM
High
296.62 314.25 286.55 308.14
269.88 278.93 254.46 258.86
193.78 203.97 185.56 198.37
197.25 206.18 190.92 203.23
124.06 130.39 121.07 128.32
Low
Close Net
%
Change Change
-8.61
9.12
3.08
3.19
3.53
-0.44%
0.51%
0.41%
0.51%
1.23%
Volume
YTD%
52-WK 52-Wk Annual Dividend
High Low Div Yield
Change
1.39 0.01% 20.38 22.53%
94,503,500 319.18 282.83
1.73 0.02% 26.72 -1.59%
89,417,000 306.14 229.41
22.48%
0.00
50,362,800 209.74 182.42
12.59%
3.25
18,891,200 226.54 185.37
15.46%
3.13
97,733,500 133.25 116.12
0.00% 29.62
0.18% 12.22
0.02% 18.11
I
PE
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