Next investment Costs and retums. Mastery Test
1

Fee
per
Trade
Commission
portfolio less than
$100,000
$10
1% commission
plus fees per trade
portfolio equal to or
greater than
$100,000
$8
0.75% commission
plus fees per trade
Joe's broker's fee schedule is given in the table. Joe's current portfolio is worth $50,000. He wants to purchase 50 shares of a company's stock for
a purchase price of $15 per share.
joe will need to pay a commission of
The total amount charged by the broker will be
1 a 7.50 b 5.00 c 1.50
2 a 17.50 b 15.50 c 15.00