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Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 an- sold them a year later at $102.66. With 5% commission rate on each transaction and a dividenc of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%

Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 an- sold them a year later at $102.66. With 5% commission rate on each transaction and a dividenc of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%

Essentials Of Investments
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
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Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 and sold them a year later at $102.66. With 5% commission rate on each transaction and a dividend of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%
Transcribed Image Text:Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 and sold them a year later at $102.66. With 5% commission rate on each transaction and a dividend of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%
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