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1 year ago

The ticker shows trades of stock in Hewlett-Packard (HPQ) ExxonMobil (XOM) and Chevron CTX).

Mathematics

1 answer:

frutty [35]1 year ago

8 0

Question Completion:

Joon bought the shares at this price, and her broker charged her 1% commission. What was the total cost of her investment?

Regne sold the shares of ExxonMobil shown in the above trade and his broker charged him 1.5% commission How much money did the broker receive?

Lisa sold the shares of Chevron indicated above through her discount broker, who charges $28 per transaction. How much did Lisa receive from the above after the broker took his fee.

Answer:

Trades of Stock in Hewlett-Packard (HPQ) ExxonMobil (XOM) and Chevron CTX)

a. Shares of Hewlett-Packard sold = 6,000 (6K)

b. The total value of all the HP shares sold is $63,780.

c. Total cost of Joan's investment is $64,417.80.

d. Regne's broker received a commission of $3,677.40.

e. Lisa received $760,022.

Step-by-step explanation:

a) Data and Calculations:

Hewlett-Packard (HPQ) ExxonMobil (XOM) Chevron CTX)

HPQ 6K10.63 ∨0.23 XOM 3K81.72 ∧ 0.08 CVX 9K84.45 ∨0.22

b) The total value of all the HP shares sold is 6,000 * $10.63

= $63,780

c) Joan's investment:

Investment = $63,780

Broker's commission = 1% = $637.80

Total cost of Joan's investment = $64,417.80 ($63,780 + $637.80)

d) Regne Broker's Commission:

Investment = $245,160 (3,000 * $81.72)

Commission = $3,677.40 ($245,160 * 1.5%)

e) Lisa received from Chevron's stock sale:

Investment = 9,000 * $84.45 = $760,050

Broker's fee = $28

Lisa's receipt = $760,022 ($760,050 - $28)

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