I am terrible at math, so i might need some help with this
1 answer:
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<u>Answer:</u>
Broker1 with $66.
Broker2 with $54.25
Broker4 with $50
Broker3 with $47.5
Broker5 with $33.5
<u>Explanation : </u>
Total number of shares Cindy have : 300
Market Price per share : $25
Total price for the shares : 300 $25
= $7500
Now ,
<u>Case 1: </u>
Commission provided by broker1 = 0.75%
Online fees provided by broker1 = $ 10
Total price provided by broker1=
=$66.25
<u>Case 2: </u>
Commission provided by broker2= 0.5%
Online fees provided by broker2=$17
Total price provided by broker2=
=$54.5
<u>Case 3: </u>
Commission provided by broker 3= 0.6% for 100 0r few
Not applicable because the total shares are 300
For over 100 shares
Commission provided= 0.5%
Online fees = $10
Total price =
=$47.5
<u>Case 4: </u>
For more than 100 shares
Online fees for buying and sharing= $50
Total price = $50
<u>Case5 : </u>
Commision for a share bought or sold = 0.05%
Online fees =$30
Total Price=
=$33.75