Question

What is the rate of return when 15 shares of stock a, purchased for $15/share, are sold for $330? the commission on the sale is $6

Answer 1

The rate of return on the purchase of the shares of stock given its selling price and purchase price is $99.

What is the rate of return?

The rate of return can be described as the total profit that is earned from the sale of the shares of stock.

Rate of return = selling price - total purchase price - commission

$330 - ($15 x 15) - $6 = $99

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