Ask Question
BusinessBusiness
10 June, 20:53

Your full-service brokerage firm charges $120 per stock trade. How much money do you receive after selling 150 shares of Nokia Corporation (NOK), which trades at $18.63?

+2
Answers (1)
  1. 10 June, 21:54
    0
    Amount received = $2,674.50

    Explanation:

    Stock brokerage firms are financial institutions that manage a client's assets. They represent a client when they are buying or selling stocks.

    Stock brokers usually charge a fee when performing brokerage services for clients.

    In this case the stock broker charges $120 per stock trade

    Amount received = (Unit price * Number of shares) - Stock broker fee

    Amount received = (18.63*150) - 120

    Amount received = $2,674.50
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Your full-service brokerage firm charges $120 per stock trade. How much money do you receive after selling 150 shares of Nokia Corporation ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following are true concerning tariffs and quotas? Consumers benefit from tariffs and quotas. Some domestic producers benefit from tariffs and quotas. Government revenues may increase as a result of enacting tariffs.
Answers (1)
Income taxes incurred but not yet paid at the end of the accounting period is an example of an accrued expense. a. True b. False
Answers (1)
If cigarette manufacturers raise prices, will their revenue increase or decrease? Briefly explain. If manufacturers raise prices, then their revenue will A.
Answers (1)
What is brand awareness?
Answers (1)
Consider two bonds, a 3-year bond paying an annual coupon of 10%, and a 20-year bond, also with an annual coupon of 10%. Both bonds currently sell at par value.
Answers (1)
New Questions in Business
According to IFRS, all of the following pieces of information about property, plant, and equipment must be disclosed in a company's financial statements and footnotes except for: a. useful lives. b. acquisition dates. c. amount of disposals
Answers (2)
Although Elton Mayo originally intended to collect data for a traditional scientific management study, his breakthrough research led to further research on the kinds of things that drive employees to successfully meet and exceed productivity goals
Answers (1)
If the 10-year Treasury bond rate is 5.3 % , the inflation premium is 2.8 % , and the maturity-risk premium on 10-year Treasury bonds is 0.
Answers (1)
It takes a total of 475 seconds for one technician to assemble one airrules smart phone, working alone.
Answers (1)
You would advise a client that's launching a new product line to advertise on the google display network because she can:
Answers (1)
Home » Business » Your full-service brokerage firm charges $120 per stock trade. How much money do you receive after selling 150 shares of Nokia Corporation (NOK), which trades at $18.63?
Sign Up Forgot Password?