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: FAB
Number of Shares: 2100
Transaction Type: Automated (Online)
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)
$6.99
$9.99
$8.99
$13.99
$33.99
$9.99
Broker-
Assisted
$30.99
$43.99
$29.99
Transcribed Image Text:Stock Table
Company
Zodiac Corp
Magna Bank
Second Bank
Farmer's Bank
Ability Corp
%
Symbol Open High Low Close Net
Change Change
-2.72%
1.77%
-0.71%
-0.59%
-0.38%
ZCO
MGN
SND
FAB
ABCO
93.13 101.16 91.58 96.57
79.64 82.34 76.02 77.09
42.89 45.33 40.82 44.86
252.69 267.61 249.36 256.37
159.12 168.84 157.49 163.07
-3.39
2.16
-0.39
-8.26
- 3.93
Volume 52-WK 52-Wk Annual Dividend
High Low
Div
Yield
88,312,500 110.75 90.37 2.03 0.03% 14.19
86,404,200 87.09 74.75 4.36 0.15% 14.48
36,091,400 47.25 37.11 0.00
94,858,400 278.07 244.28 3.46
40,416,800 180.51 144.92 2.36
0.00% 11.65
0.14% 19.29
0.12% 18.08
PE
YTD %
Change
- 3.45%
22.96%
14.75%
- 8.55%
17.85%
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