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BROKERAGE FEES Minimum Commission Rates for Brokers: Per 100 Shares Minimum Commission Money involved in order $100 but under $800 $800 but under $2500 2.0%
BROKERAGE FEES Minimum Commission Rates for Brokers: Per 100 Shares Minimum Commission Money involved in order $100 but under $800 $800 but under $2500 2.0% plus $6.40 1.3% plus $12.00 0.9% plus $22.00 $2500 and above Using the broker fee table from above, calculate the following: 1. Khalid had his stockbroker buy 400 shares of Amazon at 1090.70 a) What is the Broker's fee? b) What is the total cost of the shares, including the brokers fee? 2. Fatma had her stockbroker buy 200 shares of Apple at 122.40 a) What is the Broker's fee? b) What is the total cost of the shares, including the brokers fee? 3. Abdullah sold 600 shares of H&M through his broker. He sold the shares for $120.75. After brokerage fees were deducted (subtracted)... What was the net proceeds? BROKERAGE FEES Minimum Commission Rates for Brokers: Per 100 Shares Minimum Commission Money involved in order $100 but under $800 $800 but under $2500 2.0% plus $6.40 1.3% plus $12.00 0.9% plus $22.00 $2500 and above Using the broker fee table from above, calculate the following: 1. Khalid had his stockbroker buy 400 shares of Amazon at 1090.70 a) What is the Broker's fee? b) What is the total cost of the shares, including the brokers fee? 2. Fatma had her stockbroker buy 200 shares of Apple at 122.40 a) What is the Broker's fee? b) What is the total cost of the shares, including the brokers fee? 3. Abdullah sold 600 shares of H&M through his broker. He sold the shares for $120.75. After brokerage fees were deducted (subtracted)... What was the net proceeds
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