Question
Hisyam is a Dealer at Kenanga Investment Bank Berhad. As a Dealer's Representative, he needs to carry out client's instruction with proper skills, care
Hisyam is a Dealer at Kenanga Investment Bank Berhad. As a Dealer's Representative, he needs to carry out client's instruction with proper skills, care and diligence and give priority to execution of order given by the clients in the sequence in which they are received. If each stock bought and sold will be charged a commission of 0.75% and 1 lot of shares is equal to 100 unit, calculate: a. b. A client has bought shares based on the recommendation of a Dealer. How much the commission received by Hisyam if the client bought 860,000 unit of Ekovest at RM2.25? (5 Marks) If Ali bought 100 lot of Freight Bhd at RM1.720 per share, how much he has to pay? (5 Marks)
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