Web Application Chapter 10 page 406

Robert Roche decided to invest in mutual funds. He likes the convenience of trading over the Internet, but he is not sure which Internet stockbroker to use. Starting at www.etrade.com, he discovered www.etrade.com/cgi-bin/gx.cgi/AppLogic+MFPayNo. On this page, Roche located commission information. Before he made any definite decisions he wanted to compare the commission rates at E*TRADE to Ameritrade's rates. At www.ameritrade.com, Roche found enough information to get him started with his comparison. From the Ameritrade homepage, Robert went to www.ameritrade.com/fhtml/advantages6.fhtml, where he looked for a commission schedule for mutual funds.

Use the information you find on the E*TRADE and Ameritrade Web sites to answer the following questions.

1. What are the four fund types named on the E*TRADE commission schedule for mutual funds? Go to www.etrade.com/cgi-bin/gx.cgi/AppLogic+MFPayNo for information on fund types.

2. What is the transaction fee on applicable funds (based on a $15,000 trade) charged by E*TRADE? Use the same Web page used for question number one.

3. What does AMERITRADE charge to buy, sell, or trade a no-load mutual fund? What is charged by AMERITRADE to buy load funds?

Include the date of the information in your answer.

© Copyright 2000 Addison Wesley Longman, Inc.