quiz 6 question 4
An investor deposits $22,000 into a new brokerage account. The investor buys 1,000 shares of Tipco stock for $20 per share. Two weeks later, the investor sells the Tipco stock for $23 per share. When the investor receives his brokerage account statement,(see attachment), he sees that there is a balance of $24,911 in his account. What belongs in item 4 on this statement?
The fee that belongs in item 4 is: (Select the best choice below.)
Item: 4. Brokerage fee. Total Transaction $89
Item: 4. Brokerage fee. Total Transaction ($89)
Item: 4. Brokerage fee. Total Transaction ($3,000)
Item: 4. Brokerage fee. Total Transaction $3,000
