Asked by Kendall Smith on May 15, 2024

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Chantel purchased $292,565.00 worth of stock and paid her broker a 1% broker fee.She sold the stock when it increased to $436,527.00 three years later and used a discount broker that charged $140 per trade.Determine Chantel's net proceeds after all broker fees were paid.

Broker Fee

A charge or commission a broker commands for their service in facilitating transactions, such as buying or selling securities.

Discount Broker

A broker who trades stocks, but does not give investment advice.

  • Compute the net earnings from transactions involving stock, factoring in both commissions and fees.
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Cindy Reyes OrtizMay 21, 2024
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