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You Have Just Bought 100 Shares of ABC Corporation Common

question 27

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You have just bought 100 shares of ABC Corporation common stock at 70.50.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?


Definitions:

Agent

An Agent is a person or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.

Judgment

A formal decision or conclusion reached by a court regarding the legal matters before it.

Liability

A legal responsibility or obligation that may result in financial loss.

General Power of Attorney

A legal document that grants broad authorizations to a person to act on another's behalf in a wide range of legal and financial issues.

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