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

Question

2 years ago

5

$6

1 answer:

ladessa [460] · Answer 1 · 2023-07-26T15:51:55+03:00

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

<h3>What is the rate of return?</h3>

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

To learn more about profit, please check: brainly.com/question/26181966

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