Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.11C
Related questions
Question
Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B.
Stock Symbol: GFB
Number of Shares: 2300
Transaction Type: Automated (Online)
The cost for the stock purchase is $
(Simplify your answer.)
Transcribed Image Text:Stock Table
Company
Incentive Corp
Farmer's Bank
Second Bank
Greenfield Bank
Ability Corp
Symbol Open
ITE
FAB
SND
GFB
ABCO
High Low Close Net
79.87
84.35
78.15 81.84
62.17 66.53 61.28 63.92
299.89 310.78 293.17 304.87
259.14 263.06 242.47 251.02
281.56 306.05 277.61 292.86
%
Change Change
1.84 1.22%
-0.87 0.71%
1.38
0.03%
-1.03 -0.12%
7.78
0.58%
PE
Volume
52-WK 52-Wk Annual Dividend
High
Div
Low
Yield
3.77 0.06% 23.36
91.62 75.96
11,182,500
3.13
72.97 60.61
48,256,800
0.61
6,045,800 325.54 266.55
0.48
42,219,400 269.75 227.97
3.05
92,350,200 310.84 259.96
0.29% 26.79
0.02% 26.88
0.05% 28.97
0.04% 18.59
YTD %
Change
9.41%
- 1.28%
10.24%
19.44%
21.73%
Transcribed Image Text:Broker Commissions Table
Brokerage Firm A
Brokerage Firm B
Brokerage Firm C
Broker Commissions Table
Automated (Online) Automated (Phone)
$3.95
$7.95
$5.95
$7.95
$33.99
$9.95
Broker-
Assisted
$31.95
$43.99
$29.95
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