You sold 500 shares of Intel for $26.75 per share. Your broker charges you a
1 answer:
Answer: $13339.25
Step-by-step explanation:
Since 500 shares of Intel were sold for $26.75 per share, the total amount will be:
= 500 × $26.75
= $13375
Since the broker charges a
commission of $2.75 per thousand dollars of stock bought or sold, the amount charged by the broker on $13375 will be:
= $2.75 × 13
= $35.75
The amount that'll then be credited into ones account will be:
= $13375 - $35.75
= $13339.25
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