You Have Just Bought 100 Shares of ABC Corporation Common

question 65

Essay

You have just bought 100 shares of ABC Corporation common stock at $70.50 per share. The commission is calculated as 1.5% of the total value of the transaction plus $30. What commission will you be charged, and how much must you pay the broker for the entire transaction? (Show all work.)

---

Definitions:

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate, involved in rest and digestion activities.

Central

Pertaining to the most important or core aspects of something, often in a system or theory.

Parasympathetic

Pertains to the part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate.

Sympathetic

Pertaining to the part of the autonomic nervous system that increases alertness, muscle tension, and energy expenditure in response to stress.