One of your clients, John Smith, would like to buy one share of ToyKids Inc. for each of his 12 grandchildren. The average transaction cost on these trades would be 16% based on your firm's minimum commission schedule. What action should you take?
a) Execute the trades as requested by the client.
b) Advise the client against the trade due to high transaction costs.
c) Bundle the trades to reduce transaction costs.
d) Suggest alternative investments with lower transaction costs.
