A Full-Service Broker Charges a Commission Rate of 2

question 275

Short Answer

A full-service broker charges a commission rate of 2.2% of the total dollar value of a stock transaction. A discount broker charges a transaction fee of $25 plus an additional five cents per share. Suppose you purchase 800 shares of Talisman Energy at $21.75 per share. What percentage of the commission fee charged by the full-service broker would you save by using the discount broker?

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Definitions:

Peripheral Vision

Peripheral vision is the ability to see objects outside the direct line of vision, providing spatial awareness and the detection of motion.

Central Vision

Central vision is the part of our visual field that is in the direct line of sight, enabling us to see details sharply and perform activities like reading and driving.

Skilled Reader

An individual who has acquired advanced capabilities in reading, including comprehension, speed, and efficient processing of written material.

Subtle Differences

Minor or not immediately obvious variations between objects, ideas, or situations, often requiring careful analysis to detect.