Question
Jennifer's purchased 1200 shares of the S&P 600 index (SPY) at $360 per share, inside her $1.3 million fee-only account this year. The planner's firm
Jennifer's purchased 1200 shares of the S&P 600 index (SPY) at $360 per share, inside her $1.3 million fee-only account this year. The planner's firm charges commissions of $0.27 per share and 1% on fee-based accounts. How much does her planner charge this year?
a)$13000
b)$13324
c)$4320
d)$324
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
