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TEXT F
First read the question.
52. The message of the passage is that shares can now be sold ____.
A. through the computer.
B. in the shop.
C. at the bank.
D. through the mail.
Read the text quickly and then answer the question.
Investors seeking a cheap, no-frills way to sell privatization shares need look no further than the post box.
Most stockbrokers offer bargain-basement deals on postal trades. They are ideal for selling a small holding for the lowest possible commission.
But the arrangements leave investors at the mercy of the Royal Mail and a seller will not know in advance how much a sale will produce.
Data processing engineer Mark Stanistreet of Bradford sold by post after buying a few National Power and PowerGen shares when they were privatized.He says: "I didn't really know where to go to for help. An information slip with the shares gave details of Yorkshire Building Society's share shop service, which offered to sell for a flat fee of ￡5." "It was an ideal first step that showed me how easy and cheap it is to sell shares. I have been investing in a small way since then.
"I use Yorkshire's telephone service, which has a ￡9 minimum fee."
Many stockbrokers offer postal deals as part of their usual dealing services, but clients may normally sell only big company or privatization shares this way.
ShareLink's minimum postal commission is '7.50, Skipton Building Society's is '9 and NatWest's is '9.95.
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