KIC000008 - , Brokerage Accounts You can choose from two...

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- "1 "I I- Buying Selling Securities Commissions Commiss.lons (SSO sban: price) 200 Shrel 500 Sh.~ 1,000Shun FuJl_Suvjce BroJurS 5150 $200 5300 A.G. f.,dw.nls Merrill Lynch tnscount Brokers 5100 5125 5150 Charles Schwab Fideli.)' Brokerage Deep D~coulT1 BroJ,,-eN S5(J S7S SIOO Olde DiKDllnt Quick Reilly SC>UfCC: FvntlrmJtmm~ ojlnw:srmenL<, Comdo (2002). Types of Orders A m akke! (cxder is a buy or sell order that is to be executed ~:!iatelY at the current market price. • A Ilmrt: CXlJf.f is an offer to buy or sell at a specified price. _ Limit buy order: if the price drops below x, then buy _ Limit sellonier: J!.~:ises above x, theD sell A ::Y:rp ~ doestheoppositeofa limit order _ Stop-lOSSorder. iftbe pritz drops below x, then sell _ SlOP-buy order: if the price rises above 1:., lhc:n buy Brokerage Accounts You can choose from two types of accounts to open - Cash account - Margin account To open an account. you need to choose a broker - Full-service - Discount
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This note was uploaded on 09/07/2011 for the course FINANCE 320 taught by Professor Sapp during the Fall '10 term at Iowa State.

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KIC000008 - , Brokerage Accounts You can choose from two...

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