An online discount broker charges a transaction fee of $30 plus an additional 3 cents per share.

Question:

An online discount charges a transaction fee of $30 plus an additional 3 cents per share. A full-service charges a commission rate of 2.4% of the total dollar value of a stock transaction. Suppose you purchase 200 shares of the Bank of Nova Scotia at $55.40 per share. What percentage are the total fees charged by the online discount of the commission you would pay the full-service Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...