Answer:
Broker1 with $66.
Broker2 with $54.25
Broker4 with $50
Broker3 with $47.5
Broker5 with $33.5
Explanation :
Total number of shares Cindy have : 300
Market Price per share : $25
Total price for the shares : 300 [tex]\times[/tex]$25
= $7500
Now ,
Case 1:
Commission provided by broker1 = 0.75%
Online fees provided by broker1 = $ 10
Total price provided by broker1= [tex]\frac{75}{10000}\times7500 +$10[/tex]
=$66.25
Case 2:
Commission provided by broker2= 0.5%
Online fees provided by broker2=$17
Total price provided by broker2= [tex]\frac{5}{1000}\times 7500 + $17[/tex]
=$54.5
Case 3:
Commission provided by broker 3= 0.6% for 100 0r few
Not applicable because the total shares are 300
For over 100 shares
Commission provided= 0.5%
Online fees = $10
Total price = [tex]\frac{5}{1000}\times 7500 + $10[/tex]
=$47.5
Case 4:
For more than 100 shares
Online fees for buying and sharing= $50
Total price = $50
Case5 :
Commision for a share bought or sold = 0.05%
Online fees =$30
Total Price= [tex]\frac{5}{10000}\times 7500 + $30[/tex]
=$33.75
