The current price of HR Consulting common stock is $200 per share. Smart Brokerage Corporation charges a transaction cost of 2.5% of the total amount of a transaction. How much would an investor receive from selling 100 shares of ABC's common stock?
The current price of MassBank common stock is $40 per share. Smart Brokerage Corporation charges a transaction fee of 3.5% of the total amount of a transaction. What would the purchase of 100 shares of MassBank common stock cost? $________
The bid price of MassNet Corporation is 11.70 and the offer price is 12.50.
a. Ignoring brokerage fees, an investor will have to pay $_____ to buy 60 of MassNet common stock directly from the dealer;
b. Ignoring brokerage fees, an investor will receive $_______ from selling 95 of MassNet common stock directly from the dealer.