Asked by Tania Zamora on Jun 25, 2024
Verified
Fern sold 800 shares of Atlantic stock at $14.25. Commission charges were $0.20 per share. Compute the proceeds of the sale.
Commission Charges
Fees paid to an agent or company for facilitating a transaction, typically a percentage of the sale amount.
Proceeds
The total amount of money received from a sale or transaction, before any deductions or expenses are accounted for.
- Compute the financial return of selling securities, factoring in the fees for brokerage commissions.
Verified Answer
FS
Learning Objectives
- Compute the financial return of selling securities, factoring in the fees for brokerage commissions.