Tuesday, August 24, 2010

How much do you have to pay in total?

If you buy 1000 shares of X at RM 4, how much do you have to pay in total?

Assuming that that brokerage fee is 0.10% or minimum RM 10

Total Commission + Fee
= Brokerage fee + Clearing fee + Stamp duty
= (RM 4 x 1000 x 0.10% or min RM 10) + (RM 4 x 1000 x 0.03%) + RM 4
= RM 10 + RM 1.2 + RM 4
= RM 15.20

Total Purchase price = RM 4000 + RM 15.20 = RM 4015.20

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