Cynthia’s broker charges her a commission of $88 for every $1000 of stock bought or sold. Cynthia bought 2,000 shares of Ombor Medical Supplies at $35.49 apiece. As the price rose and fell, she sold off part of her holdings. When the price rose to $48.57, she sold 600 shares. The price fell somewhat to $46.10, so she sold 1,150 of her shares. When the price climbed to $53.46, she sold off the remainder of her holdings. How much profit did Cynthia make in total?a.$9,889.82b.$24,542.00c.$16,312.06d.$74,799.58
Will is 30 years old and works for a company that matches his 401(k) contribution up to 3%. The interest rate for his 401(k) is 7.13%. If he puts away 9% of his $41,000 salary every year, how much would he have saved in 10 years? Round your answer to the nearest cent.a.$52,835.72b.$56,602.91c.$68,395.76d.$73,272.37
Which of the following services will be provided by a full-service broker but not by a discount broker?I. Research of potential investment opportunitiesII. Purchase and sale of stock at your requestIII. Recommendation of investmentsa.I and IIIb.II onlyc.III onlyd.I, II, and III
Stephen bought 85 shares of United Rotators at $6.34 each, 110 shares of Dowc Beverage Co. at $13.13 apiece, and 133 shares of Esti Transport at $7.10 each. If Stephen’s broker collects a commission of $12.50 for every ten shares bought or sold, how much did Stephen spend in total, to the nearest dollar?a.$2,972b.$3,338c.$6,688d.$2,438
Determine the amount needed such that when it comes time for retirement, an individual can make semiannual withdrawals in the amount of $15,265 for 35 years from an account paying 4.5% compounded semiannually. Round your answer to the nearest cent. a. $938,272.00 b. $941,790.00 c. $535,528.03 d. $547,577.41 Please select the best answer from the choices provided
Darryl’s portfolio includes 66 shares of Essentia Inc., 95 shares of SFT Legal, and 180 shares of Grath Oil. If Essentia Inc. pays a yearly dividend of $1.79 per share, SFT Legal pays $2.62 per share, and Grath Oil pays $1.18 per share, how much does Darryl receive in dividends every year?a.$610.39b.$893.42c.$402.38d.$579.44
Examine today’s stock listing for SFT Legal, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change74.8044.61SFT8.9456.115.74What was the price of SFT Legal yesterday?a.$47.17b.$56.11c.$50.37d.$61.85
Priya filed a medical claim with her insurance company that was denied. She contacted the insurance company and discovered that someone else had been filing fraudulent claims using her name and information.What initial steps should Priya take to repair and correct this situation after filing a report with the FTC?
Cost-push inflation occurs when
Read the scenario.Tom owns a rental property and fails to renew his insurance policy due to financial constraints. A fire broke out in the rental property, causing significant damage to the building and injuring one of the tenants. As he did not have insurance, Tom now faces significant financial liability for the damages and medical expenses. Why is it important for landlords to maintain insurance on their rental properties?
Say you own 316 shares of Esti Transport stock, which offers an annual dividend of $8.16 per share. How much will you receive in quarterly dividends?a.$214.88b.$488.22c.$644.64d.$2,578.56
What is a consequence of risky or unsafe behaviors concerning car insurance?
What are possible advantages and disadvantages of using automatic withdrawal to pay bills? Check all that apply.
Ella attempted to file her tax return and learned that someone had already filed a fraudulent return using her name.What first step should Ella initiate to correct the problems related to this identity theft?
Which of the following is not something you should consider when evaluating a broker?a.Their experienceb.Whether or not they are registered with FINRAc.Their educational backgroundd.Whether or not they are registered with the SEC
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