Determining the brokerage fees


Problem:

If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding brokerage fees? How do you come up w/this figure?

  • $104 million
  • $343 million
  • $239 million
  • $31 million

Note: Show supporting computations in good form.

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Accounting Basics: Determining the brokerage fees
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