Solve the Problem A) $\$ 24,028.05$ B) $\$ 24,252.64$ C) $\$ 24,319.97$ D) $\$ 24,319.23$

question 12

Multiple Choice

Solve the problem.
-The following information on Company X appears in a stock table. Find the amount received by the seller of 740 shares of Company X at the day's closing price. Deduct sales expenses which consist of the broker's commission and SEC fee. Assume that the
Transaction is broker-assisted and that the discount broker's commissions are as follows: $\begin{array}{l|l}\text { Principal Amount } & \text { Commission } \\\hline \text { Up to } \$ 2499.99 & \$ 35+1.7 \% \text { of principal } \\\$ 2500.00-\$ 6249.99 & \$ 65+0.66 \% \text { of principal } \\\$ 6250.00-\$ 19,999.99 & \$ 76+0.34 \% \text { of principal }\end{array}$

• A) \(\$ 24,028.05\)
• B) \(\$ 24,252.64\)
• C) \(\$ 24,319.97\)
• D) \(\$ 24,319.23\)

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Definitions:

Signal Detection

A theory and method for quantifying the ability to differentiate between information-bearing patterns and random patterns that distract from the information.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain, facilitating the sense of sight.

Blind Spot

The area in the visual field that lacks detection by the retina due to the absence of photoreceptor cells where the optic nerve exits the eye.

Retina

The thin inner surface of the back of the eyeball; this surface contains the sensory receptors.