Dolores’s purchased 1,000 shares of the S&P 500 index (SPY) at $300 per share, inside her $1.1 million fee-only account this year. The planner’s firm charges commissions of $0.27 per share and 1% on fee-based accounts. How much does her planner charge this year?

a. $3,000
b. $11,000
c. $11,270
d. $270

Question

17-06-2024
Business

Answered

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Dolores’s purchased 1,000 shares of the S&P 500 index (SPY) at $300 per share, inside her $1.1 million fee-only account this year. The planner’s firm charges commissions of $0.27 per share and 1% on fee-based accounts. How much does her planner charge this year?

a. $3,000
b. $11,000
c. $11,270
d. $270

Sagot :

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