Calculate the total cost of securities purchased
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Someone bought 320 shares of DNA at 35 3/4 from broker. He charges 1.6% for the transaction. Odd lot carry 1/8 of a dollar brokerage differential.
a. Calculate the total commission
b. Calculate total cost of securities
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Solution Summary
The solution calculates, the total cost of securities purchased, commissions, odd lot differential.
Solution Preview
Gross Value of the Shares bought = 320 * 35.75 = ...
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