What is the rate of return when 35 shares of Stock A, purchased for $20/share, are sold for $815? The commission on the sale is $6. Rate of Return = [?] % Give your answer as a percent rounded to the nearest tenth.
What is the rate of return when 35 shares of Stock A, purchased for $20/share, are sold for $815? The commission on the sale is $6. Rate of Return = [?] % Give your answer as a percent rounded to the nearest tenth.
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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What is the rate if return? Help
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What is the rate of return when 35 shares of Stock
A, purchased for $20/share, are sold for $815? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth.
-2023 International Academy of Science. All Rights Reserved.
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Transcribed Image Text:entFunctions/Interface/acellus_engine.html?ClassID=811506421
What is the rate of return when 35 shares of Stock
A, purchased for $20/share, are sold for $815? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth.
-2023 International Academy of Science. All Rights Reserved.
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Rate of Return = Total Profit / Purchase cost of shares
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