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Dolores's Purchased 1,000 Shares of the S&P 500 Index (SPY)

Question 34

Multiple Choice

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) $270
B) $3,000
C) $11,000
D) $11,270

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