Final answer:
Joe's commission for purchasing stocks cannot be determined without the specific broker's fee schedule. Commission is usually a fixed amount or a percentage of the transaction value. Additional fee structure details are necessary to calculate the exact commission amount.
Step-by-step explanation:
The problem involves calculating the commission Joe needs to pay for purchasing shares of a company's stock. Joe is looking to buy 50 shares at a price of $15 per share. Without the specific broker's fee schedule, we cannot determine the exact commission. However, in many cases, broker's fees are either a fixed amount per transaction or a percentage of the total transaction value.
If the broker charges a fixed commission, it will be a specific dollar figure regardless of the amount Joe is spending (e.g., $7.50). If the fee is based on a percentage, you would multiply the total value of the purchase by that percentage to find the commission (e.g., if the fee is 1%, and Joe is spending $750, the commission would be $7.50).
Since the fee schedule is not provided in the question, we are unable to determine the exact amount Joe will have to pay. Thus, we cannot select the correct answer from the options provided. If additional information regarding the fee structure becomes available, we would be able to carry out the appropriate calculations.