Jean told her stockbroker to purchase 300 shares of stock of Company ABC at $20 per share. The fee that the stockbroker charges

Question

Nataliya [291]

3 years ago

7

Jean told her stockbroker to purchase 300 shares of stock of Company ABC at $20 per share. The fee that the stockbroker charges

for this service is called ____.
a.

Dividend
b.

Yield
c.

Net Proceeds
d.

Commission

Mathematics

2 answers:

hoa [83] · Answer 1 · 2022-05-23T05:45:15+03:00

Answer:

D. The fee that the stockbroker charges for this service is called <u>commission</u>.

Step-by-step explanation:

We have been given an incomplete statement. We are supposed to fill in the the given blank to complete the statement.

Statement: Jean told her stockbroker to purchase 300 shares of stock of Company ABC at $20 per share. The fee that the stockbroker charges for this service is called ____.

By the definition of commission, commission is an amount that is paid to an agent as compensation for executing a transaction. Therefore, the correct word to fill in the blank would be commission and option 'd' is the correct choice.

dolphi86 [110] · Answer 2 · 2022-05-23T04:14:15+03:00

dolphi86 [110]3 years ago

5 0

D. Commision. Hope im helpful!