The commission for purchasing five round lots of a stock selling for $130 is $65.
<h3>What is round lots of a stock?</h3>
A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.
1 round lots = 100 shares
5 round lots = 500 shares
The commission structure on a stock purchase is $45 plus $0.04 per share.
For 500 shares, the commission is
= 45 + 0.04×500
= 65
Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.
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Answer:
89.63% of 2nd month payment will go towards the payment of principal.
Explanation:
Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n
r = rate per period = 12% per year = 1% per month
n = number months = 12 months
PV = present value of all payments = $82,500
P = payment per month = ?
P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12
P = $7,330 per month
Month Payments Principal Interest Balance
1 -7330 -6505 -825 75995
2 -7330 -6570 -760 69,425
Percentage of Principal Payment = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%
Answer:
The answer is below
Explanation:
Probability distribution are statistical function that shows all the possible outcomes of a random variable within a given range of values.
a) The mean (
) of a probability distribution of a discrete random variable is:
![\bar x=\Sigma\ [xP(x)]](https://tex.z-dn.net/?f=%5Cbar%20x%3D%5CSigma%5C%20%5BxP%28x%29%5D)
= (0 * 0.8) + (1 * 0.15) + (2 * 0.04) + (3 * 0.01) = 0.26
b) The standard deviation (σ) of a probability distribution of a discrete random variable is:
![\sigma=\sqrt{ \Sigma\ [(x-\bar x)^2*P(x)]}\\\\\sigma=\sqrt{(0-0.26)^2*0.8+(1-0.26)^2*0.15+(2-0.26)^2*0.04+(3-0.26)^2*0.01} \\\\\sigma=0.577](https://tex.z-dn.net/?f=%5Csigma%3D%5Csqrt%7B%20%5CSigma%5C%20%5B%28x-%5Cbar%20x%29%5E2%2AP%28x%29%5D%7D%5C%5C%5C%5C%5Csigma%3D%5Csqrt%7B%280-0.26%29%5E2%2A0.8%2B%281-0.26%29%5E2%2A0.15%2B%282-0.26%29%5E2%2A0.04%2B%283-0.26%29%5E2%2A0.01%7D%20%5C%5C%5C%5C%5Csigma%3D0.577)
B. The equilibrium price is below the price ceiling.
Answer with Explanation:
The questions are related to "premiums" and "co-pays."
Insurance "premiums" are payments to the policy. This can be paid on a <em>monthly, semi-annual or annual basis.</em> So, this means it doesn't only cover monthly payments. This also means that a person who is availing of this will be charged according to the insurance policy.
"Co-pay" is a fixed payment for treatment. This means that the amount of money a person will pay is<em> "specified"</em> and is often given during the<u> time of service</u>. So, this is not only a payment to the doctor because<em> it can be charged once a patient visits a doctor or buys a prescription drug.</em>
So, this explains the answers.
