Mathematics

Stock Market and Stock Transaction Fees Assignment

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  • 1. Fill-in-the-Blank
    30 seconds
    1 pt

    Megan purchases $41,655 worth of stock on her broker’s advice and pays her broker a 1.5% broker fee. She sells it when it increases to $47,300, months later, and uses a discount broker who charges $19 per trade. Compute her net proceeds after the broker fees are taken out.

  • 2. Fill-in-the-Blank
    30 seconds
    1 pt

    Barbara purchased stock last year for $8,500 and paid a 1.25% broker fee. She sold it for $7,324 and had to pay a 0.5% broker fee. Compute her net loss.

  • 3. Fill-in-the-Blank
    30 seconds
    1 pt

    If you bought 600 shares of stock for $41 per share, paid a 1% commission, and then sold them six months later for $41.75 per share, with a $30 flat fee, what are your net proceeds

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