BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tom bought 75 shares of stock at $36.87 per share. If his broker charged a 1% commission on the cost of the stock, what was the total paid?
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$2792.90
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$2765.25
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$3041.78
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$2737.60
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Explanation:
Detailed explanation-1: -Just take the market capitalization figure and divide it by the share price. The result is the number of shares on which the market capitalization number was based.
Detailed explanation-2: -Share value (aka, Net Asset Value) is calculated by dividing the total Market Value of the Merged Pool by the Number of Shares.
Detailed explanation-3: -186.66. Step-by-step explanation: Given: Total investment =Rs.
Detailed explanation-4: -Clearly the income from 71/2 % stock at 105 is more. Hence the investment in 71/2 % stock at 105 is better.
There is 1 question to complete.