36. Selling price of the stock = $ 85.13
Number of shares in one trade = 200
So, gross selling price = 200 * 85.13 = $ 17,026
Brokerage per trade = $ 120
Money received = 17,026 - 120 = $ 16,906
37. The order will get executed only when the price will be equal to or above the limit price i.e. $ 96.20
So, the minimum price received = $ 96.20 * 400 = $ 38,480
38. Annual dividend (D) = $ 3 per share
rate of return (k) = 7%
Price of the stock (P) = D/k = $3 / 0.07 = $ 42.86
Question 36 (Mandatory) (0.5 points) At your full-service brokerage firm, it costs $120 per stock trade....
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