Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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![What is the rate of return when 12 shares of Stock
A, purchased for $22/share, are sold for $465? The
commission on the sale is $9.
4
F4
Copyright © 2003-2022 International Academy of Science. All Rights Reserved.
F5
Rate of Return
Enter the appropriate value into the
formula to calculate the rate of return.
A
F6
5
RTY
6
&
Total Cost = $273
Profit= $192
[?]
Rate of Return =
F7
7
*
=
F8
8
profit or loss
total cost
DELL
F9
9.
prtsc
F10
home
F11
Enter
end
F12
+11.
Insert](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12b7d8e5-e1f4-4366-964c-d88f3b8c0c01%2F743fedf6-c37c-4f07-85d0-668923872dc5%2Ffc0diyo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the rate of return when 12 shares of Stock
A, purchased for $22/share, are sold for $465? The
commission on the sale is $9.
4
F4
Copyright © 2003-2022 International Academy of Science. All Rights Reserved.
F5
Rate of Return
Enter the appropriate value into the
formula to calculate the rate of return.
A
F6
5
RTY
6
&
Total Cost = $273
Profit= $192
[?]
Rate of Return =
F7
7
*
=
F8
8
profit or loss
total cost
DELL
F9
9.
prtsc
F10
home
F11
Enter
end
F12
+11.
Insert
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