Andrea purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later for $44 per share. He paid commissions of $15 when he purchased the stock and $10 when he sold the stock. Dividends of $1.50 per share were paid during the year. The total rate of return on this investment was 22.7 percent. 19.3 percent. 18.9 percent. 17.9 percent 22.9 percent.
Andrea purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later for $44 per share. He paid commissions of $15 when he purchased the stock and $10 when he sold the stock. Dividends of $1.50 per share were paid during the year. The total rate of return on this investment was 22.7 percent. 19.3 percent. 18.9 percent. 17.9 percent 22.9 percent.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Andrea purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later
for $44 per share. He paid commissions of $15 when he purchased the stock and $10 when he sold
the stock. Dividends of $1.50 per share were paid during the year. The total rate of return on this
investment was
22.7 percent.
19.3 percent.
18.9 percent.
O 17.9 percent
O22.9 percent.
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