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Calculate the broker commission

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Reference no: EM132817440

Suppose you owned 1000 shares of stock in San Miguel. You purchased the shares at a price of 102.41 per share and sold them at 160.38.

Problem a) Calculate the broker's commission if your broker charges 3.6% of the total safe price.

Problem b) Ignoring dividends, determine your profits on the sale at all purchased stock?

Reference no: EM132817440

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