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Ann has come to see you to do two different stock transactions. The first transaction is a purchase. Ann has $ 2 5 , 0
Ann has come to see you to do two different stock transactions. The first transaction
is a purchase. Ann has $ and would like to buy as many shares as possible of Telus that she can. Telus shares are currently trading at $share The commission for the purchase is $ The second transaction is a sale. Ann has owned shares of RBC Stock for years including this year and would like to sell all her RBC stock. She purchased the shares at $ per share. You do not
charge a commission for sales. Please calculate the following:
a How many shares of Telus will Ann buy? Assume you can buy partial shares.
b Each year that Ann has owned RBC stock including this year it has paid an annual dividend of $ per share. How much has Ann made in dividend earnings before tax
c Ann sells her RBC shares for $ per share. How much are her net proceeds from the sale? She did not pay a commission when she bought the shares.
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