1 answer

Question 36 (Mandatory) (0.5 points) At your full-service brokerage firm, it costs $120 per stock trade....

Question:

Question 36 (Mandatory) (0.5 points) At your full-service brokerage firm, it costs $120 per stock trade. How much money do yo
Question 37 (Mandatory) (0.5 points) You would like to sell 400 shares of International Business Machines (IBM). The current
Question 38 (Mandatory) (0.5 points) If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the requ
Question 36 (Mandatory) (0.5 points) At your full-service brokerage firm, it costs $120 per stock trade. How much money do you receive after selling 200 shares of Ralph Lauren (RL), which trades at $85.13? $16,906.00 $16,546.00 $17,026.00 $17,146.00
Question 37 (Mandatory) (0.5 points) You would like to sell 400 shares of International Business Machines (IBM). The current bid and ask quotes are $96.24 and $96.17, respectively. You place a limit sell-order at $96.20. If the trade executes, how much money do you receive from the buyer? О $38, 480.00 $38,464.00 ооо $38,468.00 $38,464.00
Question 38 (Mandatory) (0.5 points) If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred stock is 7 percent, what's the value of the stock? $42.86 O $21.00 $0.43 O O $0.21

Answers

36. Selling price of the stock = $ 85.13

Number of shares in one trade = 200

So, gross selling price = 200 * 85.13 = $ 17,026

Brokerage per trade = $ 120

Money received = 17,026 - 120 = $ 16,906

37. The order will get executed only when the price will be equal to or above the limit price i.e. $ 96.20

So, the minimum price received = $ 96.20 * 400 = $ 38,480

38. Annual dividend (D) = $ 3 per share

rate of return (k) = 7%

Price of the stock (P) = D/k = $3 / 0.07 = $ 42.86

.

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