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Published byEric Munoz Modified over 4 years ago

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Amount x CURRENCY Rate LESS: COMMISSION NET INVESTMENT AMOUNT LESS: STAMP DUTY NET TRADING AMOUNT QUANTITY: Net Trading Amount/ ASK PRICE

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1000 x 1=1000 LESS: COMMISSION = 30 NET INVESTMENT AMOUNT= 970 LESS: STAMP DUTY= 9.70 NET TRADING AMOUNT= 960.30 QUANTITY: 960.30/ ASK PRICE

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1000 x £0.91=£910 LESS: COMMISSION = £12.50 NET INVESTMENT AMOUNT= £897.50 LESS: STAMP DUTY= £4.48 NET TRADING AMOUNT= £893.02 QUANTITY: £893.02/ ASK PRICE Remember if the amount goes over £2,000, the commission increases to £25

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1000 x CURRENCY CHANGEOVER (1.60)=$1600 LESS: COMMISSION = $15.95 NET INVESTMENT AMOUNT= $1584.05 LESS: STAMP DUTY= $0 NET TRADING AMOUNT= $1584.05 QUANTITY: $1584.05 / ASK PRICE

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Warm up Complete the analogies: 5 is to 25 as 6 is to ___________ 7 is to 77 as 11 is to ___________ ¼ is to ½ as.25 is to ____________ 36 121.50.

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