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
1 answer:
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
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