Q:17

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 the Broker Commissions Table. Click to view the Slock Table. Click to view the SEC lees. The amount received for the sale is 5 (Simplify your answer.) Find the amount received by the sellers of the stock (at the day's closing prices). Deduct sales expenses using Firm C. Stock Symbol Number of Shares Transaction Type ABCO 400 Broker-Assisted Stock Table 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 the Broker Commissions Table. Click to view the Stock Table. Click to view the SEC fees. The amount received for the sale is $ (Simplify your answer.) Broker Commissions Table Find the amount received by the sellers of the stock (at the day's closing prices). Deduct sales expenses using Firm C. StockSymbolNumberofSharesABCOTransactionType400Broker-Assisted Click to view the Broker Commissions Table. Click to view the Stock Table. Click to view the SFC fees SEC fees The amount received for the sale is 5 (Simplify your answer.) The Securities and Exchange Commission (SEC), a foderal 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. SEC fee =$1,000,000$1600$13,00=$0,0208, which is rounded up to $0,03