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Mr. Villegas has a stock certificate representing 1,000 BPI shares. He called his broker to...

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Accounting

Mr. Villegas has a stock certificate representing 1,000 BPI shares. He called his broker to execute the selling of his shares at market price of P93.50/shares. and the transaction was done during the day. Being a valued client, his stockbroker charged the minimum stockbroker's fee. How much is net proceeds from the sale of all his shares of stocks?

a. 92,540.20

b. 92,590.20

c. 93,500.00

d. 93,193.85

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