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Explain about the Commission Broker
All brokers sell and buy securities for earning a commission. From the investor's point of view, he is the most significant member of the exchange as his main function and responsibility is to sell and buy stock for his customers. He acts as an agent for his customer and earns a commission for service performed. He is independent dealer in securities. He sells and purchases securities in his own name. He isn't allowed to deal with non-members. He can either deal with a broker or another jobber.
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What is the present value of the following payment stream, discounted at 7% annually: $1,200 at the end of year 1, $2,200 at the end of year 2, and $3,200 at the end of year 3?
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hey i need help creating a balance scorecard how long will that take >>?
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