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Find the amount received by the sellers of the stock (at the day's closing prices). Deduct sales expenses using Firm C. Click to view Broker
Find the amount received by the sellers of the stock (at the day's closing prices). Deduct sales expenses using Firm C. Click to view Broker Commissions Table Click to view Stock Table Click to view SEC fees The amount received for the sale is (Simplify your answer.) Broker Commissions Table Stock Table The Securities and Exchange Commission (SEC), a federal agency that regulates stock markets, supports its own activities by charging the exchanges, based on volume of transactions. Typically this charge is passed on to investors, through brokers, in the form of an SEC fee assessed on stock sales only (not on purchases). As of May 2018, this fee was $13.00 per million dollars of principal (rounded up to the next cent). For example, to find the fee for a sale of $1600, first divide $1600 by $1,000,000 and then multiply by $13.00. SECfee=$1,000,000$1600$13.00=$0.0208,whichisroundedupto$0.03
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