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For the combined transaction (executed at the closing price of the day), find the net amount paid out or taken in. Assume typical expenses using
For the combined transaction (executed at the closing price of the day), find the net amount paid out or taken in. Assume typical expenses using Firm A. Genna bought 100 shares of Greenfield Bank and sold 120 shares of Magna Bank, both broker-assisted trades. Click to view Broker Commissions Table Click to view Stock Table Click to view SEC fees The net change is $ with the (Simplify your answer.) net taken in. net paid out. - Broker commissions table Broker Commissions Table Automated Automated (Online) (Phone) $4.99 $10.99 $7.99 $34.99 $6.99 $9.99 Brokerage Firm A Brokerage Firm B Brokerage Firm C Broker- Assisted $32.99 $44.99 $29.99 Print Done Stock table Company Symbol Open High Low Close Net % Volume 52-WK 52-Wk Annual Dividend Change Change High Low Div Yield Zodiac Corp ZCO 142.57 153.07135.57149.08 - 3.19 -0.53%108,848,500 158.58129.15 3.37 0.02% Incentive Corp ITE 264.38 267.95247.63259.66 8.43 0.42% 40,402,000285.43228.18 1.26 0.05% Greenfield Bank GFB 135.79144.23129.92141.42 - 1.03 -0.27% 60,210,500 150.86117.88 0.001 0.00% Surge Corp SGC 257.55273.32254.65260.73 1.94 0.23% 107,587,400289.07239.59 0.00 0.00% Magna Bank MGN 100.56 104.23 98.94100.56 - 1.42 -0.77%104,438,500108.17 91.46 2.14) 0.01% 1 SEC fees 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. $1600 SEC fee = $13.00 = $0.0208, which is rounded up to $0.03. $1,000,000 C
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