2. You plan to buy 35 shares of stock for $22.18 per share. If you use a...
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2. You plan to buy 35 shares of stock for $22.18 per share. If you use a full-service broker, you must pay a 2 percent commission on the purchase price. You must also pay $10.00 for an odd-lot sale and
$15.00 because this is a small purchase. What is the total amount you must pay? If you use a discount broker, you will pay a fee of
$34.95 for this odd lot purchase. You have already paid $100.00 for an investing newsletter to help you decide which stock to buy.
Which broker would you use and why?
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