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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.
Course assessment: Company directors often believe that the stock market fails "correctly" to value the firms they manage, while investors are often alarmed by the volatility i
Profit for the year R3 million R4 million Gross dividends R1.5 million R2 million Market value per ordinary share R4 R1.60 Number of ordinary shares 5
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